Do you think that Up Tick rule being eliminated in 2007 makes any difference?
I never have thought much of short selling. If you want to sell a stock sell it, but shorting has always seemed a stretch to me.
When there's no uptick, it's much easier to pile on and drive a stock down.
You can make a lot of money shorting a stock. You can make money in a downturn, not just an "up" market.
There's nothing wrong with shorting a stock per se within reason. But this week you had people driving bad news abusively in order to short and make money on a stock's demise.