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Exchanges Propose Weakened Uptick Rule

Another thought on this proposed rule. Since it would operate on bid price instead of last sale, regular investors without direct access to Level II Quotes would not have any information on what was happening to them. The Hedgefunds always want to operate in secret. They fight any attempt to make their short positions public, and the SEC has been a willing co-conspirator. The exchanges report up and down volume, and they should report short sales as a separate entity. The purpose of the market should not be profit for traders, but growth and prosperity for the Country. our Listed Public Companys, and their Stockholders,

Exchanges Propose Weakened Uptick Rule

This proposal is a loser. It would truly have no effect on the ability of Hedgefunds to short at will. This market will not recover until the Investors sitting on the sidelines return. Shorting provides nothing positive for the market other than large profits for the Hedgefunds and Day Traders. When a holding in your 401K has lost 10% in a day, the purpose of an up-tick rule on the next asking price is mute! The Shorts want to keep running their favorite tactic which is to start a stock down with a bad news rumor and then everyone piles on in concert.