Subject: S7-24-99
Author:  Cage <cagey@vail.net> at Internet 
Date:    10/27/99 9:41 PM
     
     
Sirs:  With regard to the above noted rule changes regarding short 
sales, is the government not aware of abusive shorting practices that 
are taking place, and the cloudy issue of "naked shorting" which it 
seems highly probable is occurring from sources outside of the United 
States?  In my judgment, these practices seem to be aided and abetted 
systematically by short sellers who post false and misleading 
information on public internet chat boards.  I believe that regulators 
are far "behind the curve" in awareness of these abuses.  Although these 
proposed new rules are intended to apply to only a certain class of 
stocks, weakening the rules at this point would be a definite step 
backwards and a threat to the process of capital formation for 
relatively new and vulnerable companies.  Please do not pass this rule. 
--Carolyn Cage