From: Phil Billington [pnbpnb212@hotmail.com]
Sent: Thursday, October 11, 2001 3:04 AM
To: rule-comments@sec.gov
Cc: mrpnbofnjusa@yahoo.com
Subject: Super Soes rule change

Dear Sirs:

I find it dismaying that the Nasdaq is considering changing the requirement of showing 
1000 shares to 100 shares in order to use the reserve feature for SuperSOES.

All the SOES rule changes have benefitted the large market makers at the expense of the 
independent day trader.  I trade with Momentum and Tradescape, and we provide about 5% 
of the daily liquidity for the Nasdaq. I think we are as important as any brokerage house, 
and this rule should not be implemented to our detriment.

I am going to contact my congressman about this matter.

Thank you for your attention.

Phil Billington
Studio City, CA