Tom Dorsey Q&A Message Board

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Strategies & Market Trends : Tom Dorsey Q&A

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To: Ms. X who wrote (92)	4/22/1998 7:40:00 PM
From: Mr. BSL	Read Replies (1) of 102

Hi Jan. Per the 4/20 issue of Investors business Daily, the AMEX is going to offer "SPDR Sectors" later this year. It appears that they will trade depositary receipts for sectors such as chemical, heathcare etc. We PNF types may be able to play the sectors this way. Questions for Tom - How do depositary receipts work? Are there a fixed amount issued such that there could be liquidity problems? Do you think that they will be popular enough for DWA to keep charts on them? Thanks. No hurry on this since we are about 8 months away. You may want to package this with other questions later on. Take care, Duke

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