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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (40518)12/22/1998 2:59:00 PM
From: upanddown  Read Replies (2) | Respond to of 132070
 
Mike, may be premature but do you think these new sector select shares (S&P500 subsets) that started trading today might have a place in your future ? Looks like some you like (energy)and some you hate (tech, financial). Didn't realize that they contain all 500 stocks but they do....in just nine sectors. They will be like Spiders, trading at 10% of the underlying index.

Heres the scoop from the AMEX

amex.com

Options trading is also starting today and they are shortable and marginable.

John