April 13, 1998 Mr. Jonathan Katz Secretary Securities and Exchange Commission 450 Fifth Street, NW Washington, DC 20549 RE: SR-NASD-98-21 Dear Mr. Katz: I am a public investor and would like to inform the SEC of some of the things I have noticed in my daily trading that affect my ability to trade and reduce liquidity in the marketplace. The Market Makers are manipulating the market in the stocks that have a 100-share minimum quote in a couple of manners: 1) when the market in one of these stocks experiences pressure on either side of the market, the Market-maker's disappear behind a 100 share quote at the top of the market; 2) they also use a 100 share ECN quote to block movement in a stock and avoid making a market at their quoted price. I understand that you are considering extending the minimum quote rule to the securities currently on the pilot program as well as others in the NASDAQ. This wills only reduce liquidity and widen the effective spreads on the stocks because of the above-described manipulation that all ready occurs. I would ask that you strongly consider keeping the minimum quotes on all stocks in the NASDAQ at 1000 shares. Thank you for considering this request. It will only continue to keep everyone honest and make the marketplace fair for everyone to trade. Sincerely, Chester L. Gentry 17301 West Beach Rd. Austin, TX 78734