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Politics : Ask Michael Burke
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To: upanddown who wrote (51199)3/10/1999 2:28:00 PM
From: Merritt  Read Replies (1) of 132070
 
John T.

I'm not sure how a tracking stock works. If there's more selling, or buying, of the T stock than there is in the components of the Index upon which it is based, how does that get reflected in the T stock...or does it? If it doesn't get reflected, then the MMs are seemingly at risk, but if it does get reflected then it's no longer a tracking stock. Perhaps you, or someone else, can explain it in such a way that even I might understand?

TIA, Merritt
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