April 20, 2009
THE MAIN REASON FOR BRINGING BACK THE UPTICK RULE IS TO STOP THE SO CALLED BEAR RAID REGARDLESS IF IT IS WARRANTED OR NOT SAYING THAT AS A MAIN STREET INVESTOR I HAVE GONE LONG AND SHORT FOR OVER 12 YEARS. THE MODIFIED UPTICK RULE IN MY OPINION IS A BIG MISTAKE IT WILL DRY UP LIQUIDITY, SHORTS KEEP STOCKS AT BALANCE SHORTS BUY ON THE WAY DOWN AND ON THE WAY UP ALSO CALLED (SHORT SQUEEZE)ON MARCH 9TH WHEN THE DOW BOTTOMED AT 6440 IT HAS RALLIED TO OVER 8100 WITH THE ABSENT OF THE UPTICK RULE IN JUST 30 DAYS ANY OF THE CIRCUIT BREAKERS WOULD SOLVE THE MAIN PROBLEM AND IT WILL SATISFY CONGRESS IF YOU CHANGE TO MUCH YOU WILL DO MORE HARM THEN GOOD