From: Lewis Pedersem [inverness88@hotmail.com]
Sent: Wednesday, February 26, 2003 4:31 PM
To: rule-comments@sec.gov
Subject: naked short selling of otcbb stocks (s7-24-99)

Hi!
I am a private investor who has always played the markets by taking long 
positions in stocks. I do not totally begrudge those who short sell a stock 
providing that they have to purchase their own cover positions first. However,
I am absolutely against the practise of naked short selling. It has cost me 
dearly in the form of lost money and affected my mental well being when I have 
to bear the loss incurred because of those people who choose to trade in this 
fashion. Our economy has suffered greatly due to this practice in my opinion 
because when small companies fail, it affects many many people such as individual 
investors,small company owners and is really hard on a nations morale. I make 
the humble request that the SEC impose laws that forbid this horrible practice 
for once and for all. Please, Please, Please do something for us, the small time 
micro-cap investors ok? I in particular will be forever grateful. 

Thank you very much.

Respectfully,

Lewis Pedersen