February 24, 2010
The SEC must reinstate the up tick rule.
Don't let special interest groups talk the agency into not reinstating this 79 year old rule. Allowing institutions to jam the market with millions of short sale shares is wrong and creates too much of a casino effect- we need to keep in mind that the stock market is a place to buy pieces of real companies not place to speculate on hour to hour price movements. The uptick rule did and will slow down the downward movement of stocks which will help the private stock holder have more time to react to changes in fundamentals. Thank you Chris Baratta