Quote:
Originally Posted by $5 submissions
I congratulate Obama administration on the uptick rule implemenation... and the short sellers covering their shorts thereby pumping up finance stock prices. However, the jury's still out on whether the uptick rule is really an effective brake against short stock speculation.
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Well the one thing the uptick rule can do is prevent alot of short bets from becoming a self-fulfilling prophecy. Without it a bear raid can drive a perfectly healthy company into bankruptcy.