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URL:  http://boards.fool.com/qqq-is-neither-a-stock-nor-a-mutual-fund-though-15101229.aspx

Subject:  Re: qqq Date:  6/4/2001  8:24 AM
Author:  irasmilo Number:  51469 of 126500

QQQ is neither a stock nor a mutual fund, though it trades like a stock. The tax consequences are identical to owning a stock with the one exception (that I can think of) that you can short it without waiting for an uptick.

BTW, I don't know where you got the idea that if you reinvest your dividends you postpone paying taxes. Dividends are taxed when received.

Ira
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