From: Sity1019@aol.com
Sent: Thursday, June 24, 2004 3:39 AM
To: rule-comments@sec.gov
Cc: president@whitehouse.gov
Subject: Short Sale Up Tick Elimination in 2005 (s7-23-03)

Mr. Donaldson,

I could not believe my ears when I heard that the SEC was going to eliminate the 
up tick rule for short sales. That is the most foolish thing I have ever heard 
from an organization that is supposed to protect investors from stock price 
manipulation.

What you should be testing is short sale elimination except for market makers. 
That would protect investors from stock price manipulation, protect companies 
from having their stock value artificially destroyed, and protect innocent, hard 
working Americans from having their investment dollars stolen from them by short 
sellers, primarily hedge funds, while they are at work unaware of the theft that 
is going on in the value of their investments. 

The primary reason for the decline in stock prices since March 2000 until today 
is the massive amount of unchecked short selling. It destroyed the economy, 
confidence of company management to invest, the nest eggs of American workers, 
and shifted trillions of dollars from hard working Americans to a few very 
greedy and wealthy short sellers. I think there are some short sellers with more 
money than Bill Gates but nobody will ever know. I do know by watching the 
trading on the markets since March 2000 up to the present time that the stock 
markets are controlled by large amounts of short selling money and there wealth 
continues to grow while the wealth of Americans and the value of public 
companies continue to decline.

My name is Don Jackson, an individual stock investor. Email address is 
sity1019@aol.com. Home phone is (361) 242-1293. Home address is P. O. Box 6, 
Robstown, TX 78380.

Sincerely,
Don Jackson