Subject: File No. S7-08-09
From: Ed McFadden
Affiliation: Engineering Manager

May 5, 2009

I believe a permanent uptick rule is necessary to help prevent and curb abuses. It would decrease the volatility of a downward spiral created by a concentrated effort of short selling.

While circuit breakers would be a help, I believe that they do no go far enough, and that the Market Wide, Permanent Approach is necessary. I support the Proposed Uptick Rule as outlined in SEC Press Release 2009-76

It is difficult to invest knowing that your investments may be cut in half in a very short period. If a stock price declines, it should be with some order and not through manipulation. Investors who sell their stocks should have an opportunity to sell based on facts and not fear.