Subject: File No. S7-08-09
From: Ronn Gusaas
Affiliation: Investor - Non Professional

May 13, 2009

I oppose both rules as suggested by the above in that they unfairly stifle proper price action. Both shorts and large price swings are reflective of current sentiment of the value of the underlying asset class. Limit the ability to short and professionals will still have ways to get around the rule. Limit my ability as an equity trader, and I will simply move over to e-mini's. Other professionals will switch to options. Makes no difference to the pros as they seem to always benefit from being market manipulators.

Your rules just hurt the little guy trying to make some money only to try and promote a "buy and hold" mentality that has left millions with next to nothing.