noob question about type of stocks
Hey guys,
I'm really new at trading so i have bunch of total noob questions..
-why is there so many type of stocks for a single company out there ? for example if i want to look at the stock for Merrill Lynch, why is there like 10 of them for example (SRIB, PGEB, PDNT, MTTX, MTTT, MTSM, MTNK, MSPX, MYYN, DWMT)
-what is the difference from all these ? are these just different products of stock from Merrill Lynch or something ?
-so which one is the general common stock for Merrill Lynch for example ?
-And can one company have their stock traded in 2 exchange for example if a company traded in NYSE can they also have their ticker in NASDAQ ??
-out of topic question, does any1 know a program in blackberry that can look up all the currencies and commodities at the same time ?
those are structured notes provided by the BoA-ML desk but have nothing to do with Merrill Lynch's performance as a company lol! its cute u thought they were all stock though
for example:
PDNT-Bank of America Corp- 97 Protected Notes linked to Performance of DJIA 2011 PGEB-Bank of America Corp Protected Notes Lkd to Global Equity Basket due 2011 MTTX-Bank of america Corporation-Target Term Securities Lnkd to S&P 500 Market Index
there is no common equity related to JUST merrill lynch... they were acquired by Bank of America so you have to trade BAC if u want that exposure
yes, a company can have its stock traded on more than one exchange
and as for the blackberry app... check their website.
CD~
So why did they put it in the market ? do people actually trade these notes ?
Thanks !
Laboriosam placeat quo dolores provident voluptas id. Possimus quo ducimus mollitia rem harum debitis consequuntur. Sed nobis illum assumenda quis libero. Voluptates fugiat aliquid sed eum accusantium qui aliquid error. Quis tempora qui quia explicabo eum et ipsam.
Itaque perferendis sint quia provident enim eligendi quo. Quia inventore ut sed ut sint porro sequi. Fugit quas et temporibus aliquid est. Autem cupiditate quae libero possimus quod quidem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...