May 29, 2009
The "uptick" rule must be reinstituted in its original form. This will help reduce the unjustified destruction of otherwise viable organizations. When these organizations are targeted, the results can significantly reduce an organization's ability to raise capital and cause the loss of market value. The negative impact can be exaggerated or completly unfounded. The shareholders, employees, and customers are all artifically penalized by the short sellers. While short selling is a legitimate investment strategy and should not be eliminated, it must not continue in its current form.