ValueInvestor

Bring Back the Uptick Rule

Wow, the ignorant comments are astounding. Don't you people realize that the naked shorting rule has nothing to do with shorting? Shorting in itself is very good for the markets. It's legal, keeps companies honest and puts the needed downward pressure on the stock when things are bad.

"Naked" shorting is illegal and always has been. Its all about the companies/brokerages that short stocks with no intention whatsoever of borrowing the stock in the first place. The brokerage firms have been doing this for years because they knew the SEC won't follow thru with prosecutions. They've been a toothless deterant in all of this.

Watch the bloomberg video on "Phantom Shares" and you just might understand what its about.