Author:  Lynn <ebay_browser@yahoo.com> at Internet
Date:    12/08/1999  4:53 PM

Subject: S7-24-99

Dear SEC
     
  I am writing in regards to the proposed law concerning the short
selling of OTCBB stocks(Proposal #
  S7-24-99). The naked shorting of OTCBB stocks should be eliminated.
One of the main reasons why
  "penny" stocks are so risky and volatile is not solely because of the
companies themselves, but
  because of the rampant naked shorting by market makers and offshore
brokers. This activity goes
  unchecked everyday and must be dealt with accordingly.   Online
trading, becoming more of an every
  day experience for average citizens, needs to be a safe, secure
environment for American citizens
  interested in supporting U.S. enterprise.  It needs to be done so that
companies are supported, not
  destroyed by shorting their stock.  Online trading and bulletin boards
have allowed the shorters of
  stocks to be bashers of the general public and many companies have
been damaged.  This must stop!
     
  The abolition of naked shorting in conjunction with the requirements
of being fully reporting will ensure a
  fair and equitable market for investors and companies alike, a market
where a company's true value is
  reflected in the price and not distorted, suppressed or inflated
artificially by manipulation.
     
  Sincerely,
  Lynn Edwards