absolutely relentless, page-11

Dear TradeStation clients,

IMPORTANT MESSAGE:

The SEC has modified and/or extended its emergency orders regarding short
sales as follows:

Financial Companies

Now that the President has signed the Emergency Economic Stabilization Act
of 2008, the SEC order
prohibiting the short selling of securities of financial institutions will
expire at 11:59 PM Eastern Time Wednesday, October 8, 2008. This
does not mean, however, that all of the financial-related stocks that were
on the SEC and exchange lists will be available to sell short. After the
expiration date noted above, normal "locate" procedures shall resume for
these securities. All short sales will continue to be subject to the
enhanced delivery requirements described below.

Hard T+3 Close-Out Requirement

The SEC has extended its "enhanced delivery requirements" emergency order
until 11:59 PM Eastern Time on October 17, 2008, although the Commission
intends that the order will remain in effect beyond that date without
interruption in the form of an interim final rule. Consequently, the
procedures outlined in our message to you dated September 19, 2008 are
still in force. This means that if you sell an equity security short,
and there is a failure-to-deliver on the securities you shorted by
settlement date (T+3), we will close out your short position no later
than T+4.

You are reminded that you will receive NO FURTHER NOTICE prior to our
closing out of any positions in compliance with the SEC Order.

Also, any losses suffered or lost opportunities realized as a result
of any such buy-ins to comply with the SEC orders will be solely your
financial responsibility.