May 5, 2009
I think the stock market is a vehicle for companies to find investors so they can share the risks and rewards of a company's success or failures. It has been the backbone of our economy.
Since the uptick rule has was elimiated, the market has become a place for shady investors and hedge funds to make a quick dollar in driving down stock prices. It is pure market manipulation and has benefited only a few. This adds no value and is destructive vs. contructive.
Please bring back the uptick rule.
Thank you,
Mark Krampits