From: 	sdcates2 [mailto:sdcates2@cox.net] 
Sent:	Tuesday, July 23, 2002 6:17 PM
To:	chairmanoffice@sec.gov
Subject:	Please End Short Selling

Dear Chairman Pitt:

Individual investors are advised by wall street pundits to sell their stocks 
and get out markets.  As the same time, greedy hedge funds and wealthy investors 
pile on shorting stocks which creates a massive imbalance in sell orders and 
causes the stock market to tank. Clearly, wall street, hedge funds, and large 
investors, plan to profit on the way down, and on the way up, while the 
individual small investor takes a shellacking.

End infectious greed by passing regulations to end short selling, program 
trading, and all other forms of market manipulation.

Sincerely,

Steve Cates
15850 West Bridgewood Drive
Surprise, AZ  85374
623-544-4275