Author:  Stefan Juelich <juelich@ra-juelich.com> at Internet
Date:    12/15/1999  2:22 AM

Subject: Short selling

Ladies and gentlemen,
     
I am writing with regard to the planned law concerning the short selling 
of OTCBB stocks (Proposal # S7-24-99). My opinion is, that any  naked 
shorting of OTCBB stocks should be eliminated. I believe that one of
the  reasons why new start-up companies and their "penny" stocks are so 
risky and  volatile is not only because of these companies themselves, 
but because of many unfair activities of market makers
and offshore brokers, e.g. the rampant naked shorting. This activity 
goes unchecked everyday and must be dealt with accordingly.
     
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.
     
With kind regards
Stefan H. Juelich