From: Mark Kulow [mkleco1@qwest.net]
Sent: Tuesday, February 18, 2003 1:53 PM
To: rule-comments@sec.gov
Subject: Re: Rules Regarding Short Selling (s7-25-99)

It would be of great benefit if private investors could report 
violations regarding short selling, including selling on downticks and 
other forms of manipulation. Private investors who monitor stock trading 
on a continuing basis are very aware of the manipulation by short 
sellers. In my opinion, this is the biggest area of fraud in the market 
today and many small investors have been forced out of the market by 
these short sellers who have the resources to manipulate any stock in a 
negative direction. It would also be helpful if there was full 
disclosure on short positions, a limit on the percentage of shorts in 
any one stock, limits on borrowing stock from investors who do not want 
to lend the stock, and a way to determine when a trade is actually short 
selling. Giving the small investor the same information that is 
available to the large traders would level the playing field and 
encourage the public to trust in the market again.