From: Joseph Barrett [JEBarrett_1@msn.com]
Sent: Wednesday, October 16, 2002 11:37 PM
To: Chairman SEC; Rules SEC; Regulations SEC
Cc: George Bush; Dick Cheney; John Warner; George Allen; Collin Powell; 
Bobby Scott; Eric Cantor; Peggy Peterson; Robert Byrd; Paul O'Neill
Subject: Re: Securities Short Selling needs Regulation (s7-25-99)


 Mr. President,

If you want a quick fix to the tumbling stock market and sagging economy, 
look at a moratorium on securities short selling.

Motorola, MOT, is an excellent example of where the short sellers are 
sucking the life out of an outstanding company, struggling to deal with 
today's changing market.   There is no good reason, except for the profit 
of the short sellers, for MOT to be trading $7.85.

In today's tough economic times, if the actions of the short sellers are 
not contained, soon, there will be no stock market to worry about!!!

Joe Barrett
Richmond, Va.
  ----- Original Message -----
  From: Joseph Barrett
  Sent: Sunday, July 21, 2002 11:51 PM
  To: chairmanoffice@sec.gov; rule-comments@sec.gov; marketreg@sec.gov
  Cc: George Bush; Dick Cheney; senator@warner.senate.gov; 
  senator@allen.senate.gov; Collin Powell
  Subject: Securities Short Selling needs Regulation

  Hello Harvey,

  In these tough economic times, I am sure you are happy to hear from another 
unhappy investor!  I, just, wanted to tell you that one problem area, that seems 
to be receiving no attention is that of the short sellers.  I am positive that 
those greedy hedge fund managers and others are working together to collectively 
drive the stock market down and are making massive amounts of money while the 
longs are losing their shirts!!!

  Now, can I prove the above statement?  No!!!  Can you disprove the statement?  No!!!

  The real reason that I am writing is to remind the SEC, that despite several 
requests by Congress for the SEC to develop a method of gathering the data necessary 
to determine the effects that securities short selling has on the market, no real 
progress has been made in this area.  Providing a total short position for a security 
for one day of the month for each month does not provide the real time data necessary 
to determine the impact of short selling.

  "The 1967 Special Study recommended improvements in short sale data collection."  
  "The 1976 Release noted the problems of insufficient data that the Special Study 
  faced in 1963."  The above two sentences are from an SEC document, Release 
  No. 34-42037, on short selling.  The primary problem identified by the 1967 Study 
  and the 1976 Study was that there was not enough data to determine the real 
  effects of short selling on the market.

  Unfortunately, the problem, still, exists today! I, personally, feel that the 
  short sellers are a major cause of the current fall of the market, but the data 
  to prove or disprove this theory is not available. 

  So, in addition to confirming the integrity of the books of the large companies, 
  a review of the impact of short selling on the current market should be made.  
  In addition, the real time data collection system for securities transactions 
  needs to be modified to collect the real time data on short sells. 

  Joe Barrett
  Richmond, Va.
  804-261-6973
  A Concerned Investor