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Thursday, April 23, 2020 8:59:55 PM
He's the guy who removed the market "Up Tick Rule" that required that stocks could be shorted ONLY when the stock was moving up in price.
Now the shorts can just pile on one short sale after another and the PPS never has a chance to recover, until the short sales stop coming.
That is exactly what we saw today. Everybody jumped on at the same time.
The Up-Tick Rule existed to protect long investors. And we certainly don't want anyone being "protected" at the expense of someone else's profit.
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