From: Jiangang Luo [mailto:jluo@mindspring.com]
Sent: Thursday, June 06, 2002 6:45 PM
To: marketreg@sec.gov
Subject: suggestions for dealing with the current market crisis


To whom it may concern,

As we all have seen, the current stock markets are in serious
troubles and there is a good chance for it to get worse, much 
worse. You don't need me to tell you the serious consequences if
the current situations in the market get worse. As an investor,
I am deeply concerned. Unusual times require unusual responses
and measures. There is little time to act or all of us will 
have to face a disaster of unprecedented scales. 

Among the many measures I have thought about, I suggest only
what I think will be the most efficient one, that is, to put 
a temporary and indefinite ban on all short-sellings because
it is no longer an investment vehicle. It is one of the major
contributing factors to market disorder, market manipulation
and unhealthy volatility. Investment should be supportive to
the economy in general. Short-selling is unworthy of the name
investment. It is taking advantage of good-intentioned investors,
making a bad situation worse. If you own stocks yourself,
you are already a victim of short-selling even if you use it
yourself occasionally. 

Please act before it is too late.

Sincerely, 

Jiangang Luo
(jluo@mindspring.com)