rjany 51

Banning Shorts Works in Fancy Restaurants, Not the Marketplace

Please explain how re-instituting the uptick rule will add a circuit breaker to the system/All one has to do while shorting a stock is institute a buy on the stock for a few shares thereby having the stock trade at an upwards level and then continue on shorting thereafter.It's called a 'headfake'.How long after the uptick rule(if re-implemented) can one then continue to short?10-20min?1hour?2... do not believe that the gov't should have stepped in to disallow short selling though.The powers that be are RIGGING the marketplaceWhen one shorts a stock it is perceived as anti-american,betting that the stock goes down.On the other hand the uptick rule is a sham also but is perceived in a more favorable light.I recall trying to arbitrage in the mid 70's and was told by wall street houses that it wasn't allowed and now it is commonplace.I believe that short selling has its place in the market and the gov't and regulators are at it again.The market for the stocks that can't be shorted is rigged.Let's start prosecuting all the people rigging the marketplace.Inclusive of gov't officials.The economy benefits as well from this,1) by restoring credibility back into the marketplace,2)criminal attorneys hired to defend the people prosecuted will reap enormous fees and recirculate these fees throughout the economy,3)the gov't will regain credibility as well by prosecuting and weeding out corruption,4)those found guilty will go to jail and their sentences should be harsh enough in order to deter any semblance of activity like this in the future.