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----- Original Message -----
From: "tv" <tonyvare@xxxxxxxx>
To: "Ernie Bonugli" <ebonugli@xxxxxxxx>
Sent: Friday, January 11, 2002 1:09 PM
Subject: Re: Re[2]: Trading the Russell 2000
> This etf's are a great marketing gimmick.
>
> outside of qqq,spy,mdy,dia,xlk, smh and bbh; everything else is illiquid
and
> like you mentioned with a huge spread.
>
> they are actually a better institutional hedge than for the retail
investor.
>
> if i am a fund specializing in biotechs-always long-i have the bbh to
hedge
> the downside by shorting the etf and doing option strategies.
>
> i use the etf's only as portfolio hedge nothing else.
>
> the funniest thing that i have seen is how the cubes have been losing
volume
> to the ecn's and cutting their spreads, so they
> arbitrage profits are evaporating. they still get the big million share
> orders at the exchange though.
>
>
> God Bless America
>
> tv
> ----- Original Message -----
> From: "Ernie Bonugli" <ebonugli@xxxxxxxx>
> To: "Bill Wynne" <tradewynne@xxxxxxxxxxx>
> Cc: <omega-list@xxxxxxxxxx>
> Sent: Friday, January 11, 2002 10:41 AM
> Subject: Re[2]: Trading the Russell 2000
>
>
> > Hello Bill,
> >
> > Friday, January 11, 2002, 9:50:16 AM, you wrote:
> >
> > >>Futures?
> >
> > BW> CME: RLH2 (for March 2002)
> >
> > BW> Beware: it's very thin.
> >
> > BW> BW
> >
> >
> > Yep. I also found IWM. An IShare stock. But it does not trade that
> > much. The spread between the bid and the ask is big!!
> >
> >
> >
> > --
> > Best regards,
> > Ernie mailto:ebonugli@xxxxxxxx
> >
> >
>
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