Subject: Rule Filing SR-NASD-98-21
Date:    4/13/98 4:09 PM
     
     
PLEASE UNDERSTAND THAT THE PILOT PROGRAM ONLY BENIFITS THE MARKET MAKERS 
AND HURTS THE AVERAGE EVERYDAY INVESTOR. THE CURRENT SYSTEM ALREADY IS A 
GREAT DISAVANTAGE TO THE PUBLIC AND WELL ONLY FUTHER BENFIT THE MAKER MAKERS 
BY STOPPING PRICE MOVEMENTS IN THE STOCKS AND TO BLOCK THEIR QUOTES. 
PLEASE REVEIW ANY FUTURE RULES THAT MAY IMPACT A FAIR PLAYING GROUND TO 
THE MANY INVESTORS TRYING TO MAKE A PROFIT.
     
     
PAUL VILLANUEVA 
2217 HOLLISTER #300
HOUSTON, TX 77080