Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 200.78

-0.7%

1:37 PM EST

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To: gbh who wrote (48326)	6/8/1998 8:35:00 PM
From: Ed K	Read Replies (1) of 61433

Gary: I think your math needs a little work. Your assumption is that S&P 500 works just like the Dow Jones Ind Index. The 500 stocks are NOT equally invested, but a weighted average based on market capitalization. So Market capitalization of S&P 500 = $8586B ASND's market capitalization = $50187 = $9.4B % of SP500 = 9.4/8586 = .11% .11 $626B = $684M or, about 14 million ASND shares Then add some of the shorts and we still get a big bang. Finally, to insure the rise to 57, we all have to get busy and add 10,000 messages to the thread by Thursday. Ed K. ps. Thank-you Pete for selling you ASND so that it can go up.

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