Subject: proposal # S7-24-99
Author:  James <kosmos01@home.com> at Internet 
Date:    12/07/1999 3:45 PM
     
     
dear sec
I am writing in regards to the proposed law concerning  the short 
selling of otc-bb. this naked short selling of  otc-bb stocks should be 
eliminated.
     
One of the main reasons "penny" stocks are so volatile is because of the 
rampant naked shorting by MM`s and off shore brokers and not necesarily 
the companys.
     
this out of control chaos goes on every  day UNCHECKED every day. this 
unregulated shorting  is a weapon to sqweeze us investors out  by 
unscuplious manipulators and shorters.
     
the abolination of naked shorting in conjuction  with the  requirements 
of being  fully reporting will insure a more fair and equitable market 
for investors and companys alike, a market where a company`s true value 
is reflected in the price and  not distorted  by manipulation. 
sincerely
james hoag