Subject: file #57-24-99
 
Date:    11/14/99 3:35 PM
     
     
Something must be done about the naked shorting of bb stocks by market 
makers, as well as foreignfirms.  This practice is rife with mischief 
and possible illegality by some market makers and traders.  These small 
stocks represent small businesses that are struggling in America to 
become profitable and to add to the wealth of goods, services, 
technology in this country. However, when their stock can be literally 
played with...walked down, naked shorted, for any number of reasons, the 
playing field for them is not level, nor anywhere near fair.  Anyone can 
manipulate their trading, who wishes them ill.  And it is a known fact 
that most marketmakers short most of them and try to keep them from 
going up.  Thousand of us have seen this going on from day to day, hour 
to hour, moment to moment, and it is totally unfair to the small 
investor. I am speaking of those who do their due diligence, really look 
into the company and then decide to invest for the long haul.  Not day 
traders.  Many of these small companies will become important in our 
economy, but the uphill fight they face is daunting and should not exist 
in a society such as ours...where fair play is the watchword.  Something 
must be done and soon before all confidence is lost in this area and 
that same doubt spreads upward to larger cap trading.  It has become 
critical that something be done now.  If theSEC has no power...who does? 
Will people have to turn to Congress to get this remedy for investors? 
The time is now for action. Thank you for your attention to this message 
and I do hope it is not ignored and that the  SEC who is the protector 
of investors, extends that concern to the small investors, those least 
able to fight back when injustice in te market is allowed.
Sincerely,
Sally Prescott