Nazbuster

How the SEC Can Level the Playing Field

I agree that shorting naked is an abuse, but if you are so fond of an uptick rule for shorts, why are you not advocating a "downtick" rule for longs? Or alternatively, why not have ALL sales, including the unloading of long shares, be required to have an uptick prior to being able to sell the shares? Why not go even further and only allow sales of shares at prices above their purchase only if not held for one year or more? That would guarantee that prices only go UP unless there are strong reasons to unload a stock. Would you be happy with those rules as well?

Rigging the market to favor one direction over the other is still rigging.