Subject: File No. S7-12-06
From: Bruce Thompson

April 19, 2007

200,000 New Novastar Financial Naked Short Air Shares - CHX Chicago

10:36:12 $5.70 200,000 NFI shares CHX Chicago 5.6/5.67 bid/ask

With 2000 matching June $7.50 put/call contracts - classic CHX naked reverse conversion marked as a long sale.

Another 200,000 illegal bullets to shred the demand curve.

Who are you going to believe? Me? Or your lying eyes?

Why can't the SEC see the same thing the unwashed among us see happening every day? When will it end?