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Non-Tech : QQQ - Nasdaq 100 Trust -- Ignore unavailable to you. Want to Upgrade?

To: Nick who wrote (283)	3/20/2000 6:17:00 PM
From: John	Read Replies (4) \| Respond to of 840

QQQ was originally issued to correspond to approximately 1/20th the value of the NASDAQ-100, or 5%. However, since the stock was split 2 for 1, does it now correspond to 1/40th the value of the NASDAQ-100, or 2.5%? This is an important point, because if this is true, it should appreciate only half as fast as before. Pre-split example: A 100 point increase in the value of the NASDAQ-100 would correspond to approximately a 5 point increase in the value of QQQ. Post-split example: A 100 point increase in the value of the NASDAQ-100 would correspond to approximately a 2.5 point increase in the value of QQQ. I'm not trying to make a point against QQQ here, I'm just trying to ensure I understand the relationship between QQQ and the NASDAQ-100. I did read the prospectus and the information on the NASDAQ-100 web site, but it only mentions the fact that QQQ was originally priced at 1/20th the value of NDX. Thanks for any thoughts... John