mik123

Jim Cramer's Mad Money - Cox Slow on the Uptick (11/21/08)

Cramer is 100% correct with short selling creating panic in a stock. Citigroups price plunge would have never happened with the uptick rule. Short sellers can destroy share prices of any company thats earnings are questionable (financials,tech,etc.)... People see the price plunge and immediately think something is wrong. They sell and ask questions later. You will have people leaving the market to never return. All analysts agree Citigroup should be much higher.