April 13, 2009
-I am in the camp and think that both those proposed rule changes would
benefit a lot of people and bring stability.
For starters, the up-tick rule was a great rule. It prevented people from
just at will hammering down stocks.
Go back to 1/16ths or even a 5 Cent spread and that would reduce some of that
ability as well, since that uptick could not occur every penny. Not to mention, you
would prob bring back more traders to the game, and would also create maybe a more stable enviroment.
I realize that this email might not ever be read, or I am just a small person here.
However, I really, really, think you ought to consider, the uptick rule again and
5 cent increments.