From: Mike Jirele [mike_jirele@hotmail.com]
Sent: Friday, October 31, 2003 11:10 AM
To: rule-comments@sec.gov
Subject: (s7-23-03)

SEC,

RE: 
On 10/22/03 the SEC held a meeting in which part of the agenda was to consider 
new rules for shorting and specifically to curb naked shorting on the OTCBB. 
The new regulation is named SHO and was voted on and passed by the SEC on 
10/22/03 and filed as Release No. 34- 48709; File No. S7-23-03 RIN 3235-AJ00 
and is now out for comments for 60 days. 


I am a long individual investor in an OTCBB stock and I am  sick and tired of 
having my pocket picked by the "naked shorters".  I have level 2 and it is so 
obvious what the market makers are doing it is ludicrous.  Make the market fair 
(I don't think thats possible), how about make the market so the individual 
investor at least has a chance.  SEC chairman Grasso talked about how the SEC 
was making the market fair for everyone.  Do something about it instead of 
hyping how fair things are when you have a successful sting operation.  

Sincerely,

Mike Jirele



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