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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (23904)	8/11/1998 10:24:00 PM
From: Moominoid	Read Replies (1) \| Respond to of 94695

The DIA is the DOW Diamonds There are some other stocks called DIA it seems which are confusing. This (SPY and DIA) is interesting because it can be difficult for foreigners like me to buy mutual funds and you can short the index as well potentially. I had heard vaguely about it before in a report on the AMEX NASDAQ merger. What is the mechanism? I see they are called depository receipts - does this mean some borker or bank holds the underlying stock and issues the receipts? Are they the market maker? Is that how they make their money? What are the problems with shorting? I read somewhere that Schwab for example didn't have enough SPY to short. David