May 4, 2009
The uptick rule must be reinstated in its strongest form to stop the short sellers from making the (little guys)retail investors from losing all confidence in the stock market.
During the stock market carnage that happened from august 2008 until march 2009 the short sellers were able to drive down stocks mostly bank stocks to artificial prices causing the retail investors to dump stocks with 40% to
50% losses while the short sellers made huge profits.
For months we all feared a 1930 depression. Bring back the uptick in its strongest terms.