June 2, 2009
I am not an experienced investor. However it doesn't take a rocket scientist to see the manipulation (Naked Short Selling) on a daily basis. It is the same short selling that has affected the Banking Industry, Brokerages and Insurance companies (i.e. AIG). A clear example of manipulation and naked short selling can be found by examining SIRI: Serious/XM Radio trading history. Allowing it to continue is unfair to the average investor because a stock's fundamental's no longer seem to matter. A stock's performance simply can be related to hedgefund managers and where they want to take a stock on any given day. I implpore you to re-institue the short selling rule, doing so might just restore some confidence in the american public resulting a change to the current sentiment. Please help us (the little guys). Thanks for your time,
Steve Sherzer