April 23, 2009
The short sale rule should never have been changed. I think that the 'last sale' is the only true test and that the 'best bid' can be artifical. I favor both the re-instatement of the short sale rule and the circuit breaker.
ALSO, SELLING SHORT WITHOUT HAVING THE SHARES IDENTIFIED BY STOCK CERTIFICATE NUMBER IS A CRIME AND SHOULD BE ENFORCED FOR ALL SUCH NAKED SALES DATING BACK TO ETERNITY.
WHY IS THIS NOT BEING ENFORCED??????