Subject: File No. S7-26-08
From: Gary May
Affiliation: Calton & Associates, Inc.

November 20, 2008

Concerning the SEC's rule suspending the "up-tick" rule. Please consider re-instating this rule!

Thanks,

Gary May, Investment Consultant
Branch Manager
Calton & Associates, Inc.
112A Ensminger Drive
P O Box 7
Glasgow KY 42142-0007