Subject: Short Sales - Comments
Author:  Dwayne Hines II <hinesbro@concentric.net> at Internet 
Date:    12/04/1999 1:32 PM
     
     
To the Security & Exchange Commission
     
I wish to comment on the proposed changes in the rules concerning the 
shorting of stocks.   It is my opinion that the rules should remain as 
they are currently.  This is especially true for the smaller stock 
listings in the range below $3-$5.  Many of these companies are fighting 
to get on their feet as a company and to allow the shorting to hit them 
can hurt the stock just when it needs to grow the most.  Some of the 
tactics of those who gain from the shorting of these stocks can include 
the spreading of ruinous rumors via various means.   A larger, more 
established company can weather these false stories better than a small 
company which can be devastated by the lies spread for merely the short 
term gain of the shorter.  I would like to see the no shorting rule for 
stocks of companies in the $3 and below range.  Thank you for your 
consideration in this matter.
     
Sincerely,
     
Dwayne Hines II