Subject: Rule changes, comment letter
     
April 13, 1998
     
Mr. Jonathan Katz
Secretary
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC  20549
     
Dear Mr. Katz:
     
It has been brought to my attention that per File No.  SR-NASD-98-21 the 
NASD is considering expanding the Actual Quote Size Rule beyond the original
pilot study to the rest of the NASDAQ market.  As part of 
the trading public I am both surprised and extremely discouraged that 
this is even being considered.  I have been day trading on the NASDAQ 
market for the past three years and have seen the effects of several
new rules that have been implemented during that time.  It has become 
virtually impossible to get out of a position in times of stress on a 
stock due to the new order handling rules and the Actual Quote Rule.
     
When a stock comes under stress the market makers reduce there quotes to 
100 shares and put 100 share orders on the inside bid or offer via an 
ECN.  This blocks my access to the rapidly disappearing market
makers below and the end result are that the actual liquidity is 
dramatically reduced.  Thus the task of trading out of as few as 1000 
shares without extreme movements in the stock price becomes virtually 
impossible. 
     
Please consider that the Small Order Execution System was established to 
prevent this exact situation from happening.  
     
As a small investor I hope you will take the necessary steps to prevent 
the implementation of this rule and to make the NASDAQ a fair and equitable 
market for small investors such as myself.
     
Sincerely,
     
     
Scott Pohli
Private Investor
Austin, Texas
(512) 472-0877