Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (61017)	5/2/2004 10:10:12 AM
From: Dealer	Respond to of 65232

Hi RR! We got the rain.......so you say beautiful weather right behind it. Actually the grass, flowers and ducks are enjoying the rain. Finally made a little (very little) money on a QQQ put, I would have made out like a bandit but sold too soon and for no reason. Duh! Next time! dealer

To: RR who wrote (61017)	5/4/2004 6:35:32 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

Thought you might find this interesting if you had not seen it. By Noel Randewich MEXICO CITY, May 4 (Reuters) - Mexican investors now have access to leading U.S. technology stocks with the listing on Tuesday of the Nasdaq's tracking stock and companies such as Oracle (ORCL,Trade) and Dell (DELL,Trade) on Mexico's stock exchange. The listing of the Nasdaq-100 index tracking stock (QQQ,Trade), known as the QQQ, is the latest in a series of steps to make foreign equities available to Mexican investors and bolster the country's stock investment industry. Exchange traded funds are baskets of stock or other securities that trade on exchanges like individual stocks. QQQs track the Nasdaq 100 index ((.IXIC)). At the same time, the Mexican stock exchange launched direct trading in 14 Nasdaq heavyweights, including computer maker Apple Computer (AAPL,Trade), retail coffee giant Starbucks (SBUX,Trade) and online auctioneer eBay (EBAY,Trade). Mexican law restricts most investors, including mutual funds, to buying stocks that are listed on the Mexican market. The new Nasdaq listings fit the Mexican stock exchange's "supermarket concept," under which it plans to provide one-stop shopping for Mexican investors, said IPC exchange head Guillermo Prieto. The Mexican stock exchange last year launched trading in the 30 stocks that make up the Dow Jones industrial average ((.DJI)). John Jacobs, chief marketing officer of the Nasdaq, said the new listings would help develop Mexico's stock industry. "You're improving liquidity, broadening the number of people investing and trading," Jacobs told Reuters. Following the launch of trading in the Dow Jones industrial average stocks last year, many mutual fund operators in Mexico for the first time launched U.S. equities funds. Now Mexican mutual fund company Actinver is planning to launch a new fund within weeks to take advantage of the QQQ. "It's a fund in which we are planning to invest in U.S. stocks," said Actinver portfolio manager Rogelio Gallegos. "But the catch is that in the prospectus we said the portfolio could be invested in just one stock, which would be the QQQ." Listing highly liquid exchange traded funds will help stimulate Mexico's equity investment culture by "waking up institutional money," and providing an alternative between buying individual stocks and managed mutual funds, Jacobs said. Close to one million investors worldwide hold stakes in QQQs, Jacobs said.