Subject: Short Selling & UpTick Rule

February 2, 2009

Dear SEC Chairperson,

I am strongly in favor of reinstating the up-tick rule that only allows additional short positions to be put on when the underlying security ticks up.

I am firmly convinced that there is much naked short selling currently going on in the markets. While I realize that the ban on naked short selling is a difficult rule to enforce, reinstating the up-tick rule will greatly alleviate the market manipulations that I feel are going on today.


Robert Altman