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Strategies & Market Trends : Investing during a Bear Market -- Ignore unavailable to you. Want to Upgrade?


To: tekgk who wrote (106)11/10/1997 8:59:00 PM
From: Tommaso  Respond to of 226
 
I am a little slow in picking up on these things, but today I learned about another index stock that can be shorted on the American Stock Exchange.

This is MDY, a mid-cap index stock, which is considerbaly more volatile than old SPY.

The dividend yield is close to 1%, making it a proxy for the more overvalued issues.

I think I mauy short some tomorrow. It declined about twice what the other indeexes di8d today.

Excuse typos--I am using an AOL browser that makes part of what I type invisible.

For info see www.amex.com and look for the "Spyders"