From: Lenore Jones [mailto:lenore@skyenet.net]
  Sent: Thursday, April 10, 2003 11:43 PM
  To: hedgefunds@sec.gov
  Subject: Rules on shorting securities


  I am a private investor that have parked funds in cash
  accounts after losing $150 K in the past 2 years due
  to market makers shorting the market.
    No longer can one trust a rally due to players hyping
  the market. The end game is shorts are always in the
  background waiting to pounce for quick gain.
   
  American securities are sick due to lack of controls
  and regulations.  I, personally see no benefit in
  shorting the stock market.  You need to promote
  longterm investments and bring trust back to the
  American Investor.  Failure to promptly react, will
  make many of us to look for security abroad !
   
  May this serve as a wake up call that the wheel is
  not only broken, but shattered.   " Delay in promptly
  restoring investor confidence, will keep the chances
  of recession on our door step".
       Jeff Jones      Plymouth Indiana