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 : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?

To: Linda Kaplan who wrote (4125)	11/28/1997 10:58:00 AM
From: Esteban	Read Replies (2) \| Respond to of 4701

Linda, Yes, SPY = spider, or S&P Depository Receipts. Think of it as a mutual S&P 500 mutual fund that you can trade like a stock. That's how it works in essence. I don't understand the details of how it's organized, but as you know, it trades on the AMEX. I believe it's the highest daily average volume issue on the AMEX. There's also MDY that tracks the S&P Midcap 400. It's lower volume and larger bid/ask spread. Per your request: Sold short on 11/21 @ 96 7/16. Covered 11/25 @ 95 3/8. This was a reversal signal if I was playing both ways. No signal since, theoretically, I'm long @ 95 3/8. Esteban