shorting on downticks looks like it's gonna be history, guys

Discussion in 'Wall St. News' started by sho-tim, Oct 17, 2008.

  1. sho-tim


    In yesterday's IBD, an editorial was published blaming unfettered short selling on down ticks for the demise of Bear Stearns and Lehman. They claim it was reminiscent of the bear raids of the 1920's and should be outlawed.

    When even supposedly staunch capitalists are taking this view, it would look to me like the days are numbered for selling on downticks.

    I think it would be a mistake to reinstitute this uptick rule. But, alas, nobody is asking me. :)
  2. I'll bite. Why do you think it'd be so horrible?