From: alex kondracki [ajkondracki@comcast.net]
Sent: Monday, May 17, 2004 5:57 PM
To: rule-comments@sec.gov
Subject: S7-23-03:

SEC Staff,


I propose that all short positions (name of security and the total share amount 
short)be reported,daily.I believe that most of this information can be made 
available through DTC.The short seller need not be identified.Currently, short 
sale information as it is  reported on a monthly basis is stale the day it is 
published in,say,the WSJ.It seems to me that all investors are seriously 
disadvantaged by not knowing this information,daily.

I would think that all Portfolio Managers would want to know short sale 
information,every day. What  happens,now,is that the Custody Operations of the 
large Custodian Banks,as well of those of Investment Management Firms are lending 
out securities to the Brokerage Firms for let say a lending fee of 20bp while the 
value of the stock loaned can be decreased by several percentage points as a 
result of the short sale,thus seriously hurting the Investment Manager's 
performance.Very often the assets are being managed for Public and Private Pension 
Plans,as well as for 401K Plans.

Short selling must be made more transparent so that all investors can react 
appropriately.

Thank you.
Alex Kondracki