Forum Archive Index - February 2003

["gooner" <nickk@quicksilver.net.nz>]

If there's one that tracks the S & P that would be a safer bet I
reckon........but wait 3 years before going long:)

Gnr
.
----- Original Message -----
From: "Phaedrus" <Phaedrus@techemail.com>
To: <Sharechat@sharechat.co.nz>
Sent: Wednesday, February 19, 2003 11:46 AM
Subject: [sharechat] NASDAQ


> Daryl,
>        QQQ is the ETF (Exchange Traded Fund) that tracks the Nasdaq100
Index. It can be traded exactly like a stock, but is not subject to the
"downtick rule" when shorting. Because it is so heavily traded, spreads are
very narrow and "market" orders are quite safe.
>          Phaedrus.
>
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