From: Naeem Sayed [nasa_2000@yahoo.com]
Sent: Thursday, April 25, 2002 6:11 PM
To: chairmanoffice@sec.gov; marketreg@sec.gov; rule-comments@sec.gov
Subject: Stop Selling Short Practice (S7-24-99)

All,

I believe USA should follow the practices of other
countries where selling a stock short is not
permitted. Namely, you can only sell a stock you own
and it is illegal otherwise. The onus is on the broker
to enforce the rule. There is nothing stopping someone
in buying put options - to which I have nothing
against.

It is sickening to see many top companies in the
doldrums because of this practice which further
perpetuates this practice by others selling.

I hope that SEC acts quickly and wisely to stop this
parasite practice. 

Thanks in anticipation!

Naeem Sayed.
Email: nasa_2000@yahoo.com

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