From: Randy Hand [erh57@hotmail.com]
Sent: Friday, November 28, 2003 11:52 AM
To: rule-comments@sec.gov
Subject: File No. S7-23-03


This letter is in reference to my opposition to the practice of naked short 
selling in the stock market.

This practice in my opinion has become the easiest way to rob hard working 
Americans that are trying to find some way to acquire enough money to some 
day retire comfortably.    If I invest my hard earned money and precious 
little time available into researching companies to invest in, only to see 
the stock price fluctuate wildly on absolutely NO NEWS!   I know that there 
is shorting going on or manipulation by the market managers!

The practice of naked shorting is widely known and is being used to steal 
from those of us that ACTUALLY OWN the stocks and is destroying the 
integrity of the American Stock Exchange!    It is also wreaking havok on 
many companies their stock holders that see their stock value swing 
drastically for no apparent reason.

Tell Me......

If I own several cars/trucks and pay an overseer to watch over them, is it 
wrong for that overseer to allow others to come in and borrow my cars 
unbeknownst to me to:

1.) Use for their own purpose and make a profit ???

2.) Erode the value of MY cars because of the way that they have used MY 
cars ???

3.) Pay me NO compensation whatsoever to use MY cars to make his profit ???

And what about the overseer ?

1.) IS IT RIGHT, his making money, lending out my cars WITHOUT my knowledge 
???

2.) Is he not as guilty if not MORE than the person using my cars ???

3.) Are YOU...!!! the SEC not as guilty as both, being the police officer on 
the street watching the whole thing and just looking the other way ???

Yes ..... I'm angry about this!   The fox has been running the hen house far 
too long!    It's time to get some integrity back in the American Stock 
Exchange and this is the perfect place to start.

Regards

Randy Hand

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