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Sypders (SPY) are S&P 500 depository receipts traded on the Amex - very
heavy volume and very liquid - been around much longer than the Diamonds.
They can be used for trading (can be shorted on a downtick) or as a
investment substitute for Indexed SP500 mutual funds. Each Spyder share
represents 1/10 of the S&P 500 so each round lot (100s) represents 10 S&P's
and normal stock margin rules apply.
Earl
-----Original Message-----
From: Linda Swope <lswope@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Sunday, February 21, 1999 8:31 PM
Subject: Spyders
>-----Original Message-----
>From: Earl Adamy <eadamy@xxxxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Sunday, February 21, 1999 5:33 PM
>Subject: Re: Fut: T-Bonds Data accuracy
>
>
>>When I switched from NYSE stocks and Spyders to futures early last year...
>
>Hi Earl,
>For those of us working our way through the less sophisticated "NYSE &
>Spyders", I'd appreciate any comments on Spyders as a vehicle. I tried
some
>DOW Diamonds, but volume was light with too little volatility for my
liking.
>Any observations?
>
>Thanks!
>Linda
>
>Swope's Mountain Photography
>http://www.swopephoto.com
>linda@xxxxxxxxxxxxxx
>Climb the mountains & get their glad tidings: Peace will flow into you as
>sunshine into flower; the winds will blow their freshness into you & storms
>their energy, & cares will drop off you like autumn leaves. John Muir
1838 -
>1914
>
>
>
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