Subject: File No. S7-08-09
From: Dan D Shelburne
Affiliation: Investor

November 20, 2009

Madam Chairman and Members of the SEC:

Today 11/20/09 is Options Expiration Day. Apple stock was $206 per share on Wednesday 11/18. The largest Call/Put Open interest Volume was at the $200 Strike Price. Apple stock was driven down to $200.51 on Thursday 11/19 with massive short selling. At the close today Apple was $199.92. How can the SEC maintain that the Market is not and cannot be manipulated. There was no negative Apple News

Stocks like AAPL are positioned to the desired Share Price by Hedgefunds and Market Makers. How is this a level playing field? Look at a 3 day chart from 11/18 to 11/20. The required tool for this manipulation is virtually unregulated Short Selling. REINSTATE A REAL UP-TICK SALE RULE and REQUIRE THE ACTUAL BORROWING OF THE STOCK BEING SOLD SHORT

DO IT NOW That is your job and you have studied and debated this matter for almost a year. Individual Investors are still having their pockets picked by the Masters of the Universe