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Pastimes : Triffin's Market Diary -- Ignore unavailable to you. Want to Upgrade?


To: Triffin who wrote (38)11/30/1999 11:28:00 PM
From: Triffin  Read Replies (1) | Respond to of 869
 
ARBITRAGE: SPYDRS & HOLDRS

The following index/industry group derivative
securities trade on the AMEX like normal stock.
They have several worthwhile features.

1) Exempt from short sale rules (ie) no up-tick required
2) Have listed options
3) Conversion features
4) Useful as hedging tools
5) Useful as mutual fund alternatives

DIA = Dow Jones 30
SPY = S&P 500
MDY = S&P 400
QQQ = NASDAQ 100
HHH = Internet 20
BBH = Biotech 20

HHH = AMZN/AOL/AMTD/ATHM/CMGI/CNET/DCLK/EGRP/ELNK/EBAY
EXDS/GNET/INKT/LCOS/MSPG/NETA/PCLN/PSIX/RNWK/YHOO

BBH = AMGN/DNA/BGEN/IMNX/PEB/MEDI/CHIR/GENZ/GILD/SEPR
IDPH/QLTI/MLNM/BCHE/AFFX/HGSI/ICOS/ENZN/CRA/ALKS