Subject: File No. S7-08-09
From: mike chan

May 5, 2009

I have a proposal for the short-selling rule. How about installing a rule that said after you bought a stock, you cannot sell it until after a certain period of time, 48 or 36 hours or 1 week later... I think this would be highly effective against protecting against naked-shorts, a mass sell off or a scared-sell off of a stock.