From: Gordon Anderson [alpacaranch@lewiscounty.com]
Sent: Tuesday, November 25, 2003 6:01 PM
To: rule-comments@sec.gov
Subject: File No. S7-23-03

US Security and Exchange Commission

Attention Commissioners:

I am a small investor but did own one of the 119 stocks that are on the list
of affected companies.  I also trade through one of the impacted Brokers.
I certainly hope the Commission can establish rules and regulations that
prevent individuals or firms from manipulating the system through naked
short selling to their own benefit and to the small investors detriment.

I believe regulations should be clear enough, yet only extensive enough to
prevent flagrant abuse.  We do not need a regulatory process that prevents
the free use of capital in the investment process and burdens us all with
unreasonable paperwork and cost.  I believe the Commission should consider
the  cost/benefit ratio of any regulations.

Thank you for considering my comments.

Gordon Anderson
185 Boyd Road
Mossyrock, WA 98564