From: d.l.lumley@att.net [mailto:d.l.lumley@att.net]
Sent: Saturday, May 11, 2002 12:10 PM
To: Marketreg@sec.gov
Subject: Short selling manipulation


Medtronic's Karl Steney's e-mail to you on 3-14-2002 is 
absolutely right.What else in this country can you sell 
that does not belong to you?

The Hedge Funds are not "speculating" that the price of 
a stock will drop, they "drive" it down relentlessly  
while their "bashers" are out in force.

Supply and Demand govern all other segments of our 
economy excepts stocks.  Massive short selling destroys 
supply and demand and benefits manipulation.

The small investor like myself has no chance against 
these tactics and you do not know which company they 
will strike tommorow.

Also, your $25,000 minimum rule puts me and other small 
investors out of business.  I believe that was the 
intent, as we are locked out of the market.

I am sure that I have just wasted my time and effort in 
complaining to you.  You have had years of complaints 
and a massive market plunge and you have done nothing 
and will do nothing but to continue as you are doing at 
my and other small investors expense.

D.L.Lumley
d.l.lumley@att.net