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 !
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