Subject: File No. S7-26-08
From: Franco A. Mortarotti
Affiliation: Zermatt Capital Management

October 7, 2008

To the Securities and Exchange Commission,

I think it is imperative for the success of the market that the commission considers reinstating the up tick rule with up tick being every .10 cents from the last trade, not very penny.

In pursuit of price stability,


Franco A. Mortarotti