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To: Gerald Walls who wrote (2274)	4/14/1998 2:22:00 PM
From: MonsieurGonzo	Respond to of 11051

Gerald; RE:" SPY and WEBS " >>WEBS are very liquid, indeed; and you can short 'em without a downtick, like SPY, I believe. >Why is this? Is this true for all AMEX securities or are these "special" in some way ? No, AMEX requires an uptick to short a normal stock. But SPY and the WEBS are "special" in that they are created by the exchange and they have unique rules since they aren't really equities. You're gonna get me into that AMEX web-site, Gerald - because now I'm gettin' curious about them, too! -Steve