From: b0ss@optonline.net
Sent: Tuesday, November 25, 2003 11:16 PM
To: Rule-comments@sec.gov
Subject: File # S7-23-03

     I have been a proprietary trader since 96 and trade millions of shares 
  each year.  Your latest rule for file # S7-23-03 tries to fix one problem 
  with the markets by creating another one.  Recently you have uncovered 
  illegal after hours trading among mutual funds so why not get rid of after 
  hours trading all together since that is how you are correcting the problem 
  of illegal shorts in the market.  Someone trying to do a straight sale of 
  his position should not be penalized for someone else's trading activity.  
  There are no restrictions for the purchase of a security so how could there 
  be any on the sale.  This new rule dictates when i can sell a stock and does 
  not allow me to sell it when i want to.  When i am trading numerous positions 
  not every stock will be on an up-tick when when the market is going up but 
  when things are going down up-ticks are hard to find in any position.  Whoever 
  is in charge needs to stop watching CNBC and fix the real problems in the 
  marketplace.