Date:    06/29/2000  9:25 AM

Subject: Naked Shorting
 
From: Irene Borkton
     
NAKED SHORTING IS LIKE PRINTING COUNTERFEIT MONEY
     
One of the main reasons why "penny" stocks are so risky and volatile is not 
solely because of the companies themselves, but because of the rampant naked 
shorting by market makers and offshore brokers. This activity goes unchecked 
everyday and must be dealt with accordingly. I've personally have been burnt 
by these folks...let's make it fair for the ordinary investor!
     
SEC Concept Release: 
Short Sales 
     
Securities and Exchange Commission 
     
17 CFR PART 240 
     
Release No. 34-42037; File No. S7-24-99 
     
RIN 3235-AH84 
     
Short Sales 
     
Agency: Securities and Exchange Commission.