From: Will Kernen [mailto:kernenlaw@hocking.net] Sent: Friday, August 17, 2001 6:15 PM To: marketreg@sec.gov Subject: Opposition to relaxing rules regulating short selling Dear Sirs: I understand the SEC is considering relaxing some regulations on short selling. I write to express my extreme opposition to any relaxation of regulations concerning short selling. The very concept of short selling is abominable. The current regulations already permit brokers to loan my shares held long without my permission to short sellers who drive the value of those very same shares I own down to my detriment. They create an artificial supply of shares perverting the natural forces of supply and demand. My experience has been that short sellers thereafter bash the company with misleading and outright false comments in news releases, radio, television shows, on message boards and private conversations to encourage more selling by other shorts or longs for the sole purpose of realizing their intended profit. It is intolerable market manipulation and anything the SEC does to encourage such activity or make it easier to accomplish is not in the best interest of honest investors, the free market and the economy in general. Sincerely, Will Kernen P.O. Box 388 Logan, OH 43138 740-385-2121