May 8, 2011
Dear SEC,
I think the majority of retail investors would relish the idea of having realtime short sales activity posted daily. Since the market is predominantly controlled by huge firms that make their living by doing computerized HFT, any information that helps clarify what is going on will certainly be of benefit to the small investor. I suspect that most of the short sales are done by large firms and that this lack of transparency leads to illegal naked short sales as well. I have no doubt that this study will be supported by small investors but that the large firms will basically prevent the results of this study from ever being used to create laws that level the playing field. In other words, my cynicism runs quite deep when it comes to the SEC or Congress effecting any change in the system. You can't even get the uptick rule reinstated so why even bother playing this game by pretending you are interested in what we have to say about the system? It is truly pathetic unless you can CHANGE something about it. Now stop watching porn on your computer and read my note to you.