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

To: upanddown who wrote (51199)	3/10/1999 1:36:00 PM
From: Knighty Tin	Respond to of 132070

John, I am waiting for it to settle down to normalcy, then I may have some interest. I am not much of an index player, but these are the most overpriced stocks in the world. MB

To: upanddown who wrote (51199)	3/10/1999 2:28:00 PM
From: Merritt	Read Replies (1) \| Respond to of 132070

John T. I'm not sure how a tracking stock works. If there's more selling, or buying, of the T stock than there is in the components of the Index upon which it is based, how does that get reflected in the T stock...or does it? If it doesn't get reflected, then the MMs are seemingly at risk, but if it does get reflected then it's no longer a tracking stock. Perhaps you, or someone else, can explain it in such a way that even I might understand? TIA, Merritt