Subject: File No. S7-08-08
From: Shunliang Wang

July 27, 2008

Naked short should be allowed. This is the fundamental of trading. No matter which direction of a security is heading to, a trader should be able to participate in the market. Shorting a stock also provides a healthy market force to propel the stocks goes up when it is covered. However, I do agree SEC needs to regulate shorts. There are lots of ways to regulate the market, rather than just ban it completely