March 14, 2009

Subject: Thank You and comment on the uptick rule

To : Chairman Mary Schapiro

First, thank you for your efforts to restore coinfidence to the financial markets. I saw the highlights of last weeks Congressional hearing on CNBC and some commentary afterwords.

I realize the uptick rule is one of many tools that can bring order back to the market. One comment based on feedback I heard from the trading floor, basically mocking the idea (again on CNBC ... I am an individual investor). A "tick" used to be 1/16 which would equate to $0.0625. But will todays electronic markets, speed, and current value of money I would encourage you to consider a larger "tick", perhaps $0.10, or even more. We desparately need some stabilization, and it's very obvious the short sellers have targeted and exploited many financial company stocks. A larger "tick" would have a better chance at achieving the objective.

Thank you again. You are a refreshing change.

Don Mahoney