joenobody02

Changing of the Short Uptick Rule: Bad Timing for a Bad Idea

Without the uptick rule in place, a hedge fund manager with enough "other peoples money" can kill a small company by selling short all the way to 25 cents if he wants(and profit handsomely). Biotech companies , for an example, are prime targets, a tiny bad news can drive the stock price to zero, depriving the drug that could have been developed.