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Technology Stocks : INTEL TRADER

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To: smolejv@gmx.net who wrote (3413)8/12/1998 12:11:00 AM
From: MonsieurGonzo  Read Replies (1) of 11051
 
RE:" S&P-400 MidCap Index "

The index symbol is MID.X and there is an AMEX:SPDR that can be traded like a stock: MDY

MDY @ 63 today is up about +2% for the year; SPY is up about +11% and DIA is up about +9.5%.

Investing ($20K) a flat $1,000 in each of the 17 WEBS, DIA, SPY and MDY on 23-JAN-98 you would have made about $500. or +2.5% Y.T.D.

OTOH, the EU (less the U.K.) WEBS are still up +25% for the year. An optimized, hedge-fund approach would have been to buy the EuroWEBS and short the AsiaWEBS at the beginning of the year, whilst ignoring the U.K. and NorthAmerican SPDR/WEBS altogether - or by putting the U.K./NorthAmerican SPDR/WEBS' allocation into 30-year US Treasury BONDS ;-)

-Steve
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