From: comics@webtv.net
Sent: Saturday, November 29, 2003 9:39 PM
To: rule-comments@sec.gov
Subject: S7-23-03:

please do not cnduct the proposed test in whic you would "monitor"
unrestricted short selling for a period of time. it would destroy many
small companies that rely on stock for capital. aso, with the internet,
short selling is destroying many small stocks right now. in previous
times, stock information was gathered by listening to reputable news
stations on radio, tv, or in newspapers. with the invention of the
internet, short selers go to an internet cafe, short a stock, then post
malicious lies about that stock on many stock baords like yahoo, cbs
marketwatch, microsoft, etc. the short sellers answer themselves with a
variety of aliases. they drive investors into a panic frenzy. some of
the lies i have read were;" CEO killed in plane crash", "perot systems
declares bankruptcy" "major lawsuit filed " these are then posted on
several sites and repeated hour after hour, and answered by the same
person under a different alias who relpies;" yes, i just heard that on
CNN!" until the word spreads, driving the stock price way down. i even
forwarded a post to the SEC where the guy was claiming you would die if
you touched a product made by LQMT.
this has got to stop and maybe , like in india, we will have to make
short sellng illegal.