From: Sam M. Bussey [sbussey@mindspring.com]
Sent: Wednesday, August 29, 2001 8:13 AM
To: rule-comments@sec.gov
Subject: New Day Trader Rules

Dear Sir:
 
This message is to express my complete amazement and outrage at the 
new rules which would force me to maintain $25,000 in my account if 
I want to enter and close trades on the same day. This strategy is 
actually safer than leaving trades on for a week or more, which is 
apparently what these new rules intend.
 
An arbitrary minimum like this is stupid. Why not $5,000 or $50,000 or 
$14,213? Who says $25,000 is safer than $250, or $10,000?  A loss is 
still a loss and a win is a win,no matter the size of your account.
 
In choppy markets like we have today, a buy and hold strategy, which 
you seem to be forcing down our throats, is more dangerous than 
getting in and out on the same day. The pressure now will be to hold 
onto trades we should get out of, just so we don't run afoul of your 
stupid rule.
 
Sam Bussey.