From: j t [daft@hotmail.com]
Sent: Friday, February 06, 2004 4:56 AM
To: rule-comments@sec.gov
Subject: S7-27-03:

Please do NOT impose this rule in the strict form
that prevents timely trades through intermediaries.

Forcing trades to be requested earlier than market
closing time by hours or a day (or a weekend or a
long weekend) is very unfair to investors.  News
can trigger wild swings in the market, so please let
us preserve the current ability to watch late market
action and opt out of a trade if not to our liking.

This is worse than simply a couple hour pushback
or trading times.  Westernmost states can have not
just 3 but 6 hour penalty due to timezones.  And
if they awaken early to make a trade, it can still
be too late due to market news paralyzing broker
system responsiveness an hour before deadlines.

Worse yet is the multiplier effect of trading out of
one fund into another out of family.  Not only excessive
exposure to market swings, but dead money time.
Please don't add more obstacles to responsiveness
that threaten to be worse than the original problem.

For retirement fund folks and even others, this
proposal can cause a business day or more
delay between a trade request and execution.  Then
there will be no protection from the after-hours
announcements that are so kindly held back from
impacting stock trader hours, and any other
disruptive news.  Thank you for listening.

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