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Technology Stocks : America On-Line (AOL)

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To: Joseph Shah who wrote (20977)6/9/1999 2:24:00 AM
From: Uncle Frank  Read Replies (2) of 41369
 
>> Remember, most of the fund managers have unloaded AOL in their funds now. They have three weeks now to buy back AOL for their funds to qualify as S&P index fund in the second quarter.

Interesting speculation, Joseph. Are you implying that index fund managers time their holdings? The biggest of them, Vanguard 500 Index Fund (vfinx), has a 5% turnover, which doesn't support your theory. If there is a June run-up (I hope), I don't think it will be caused by Index fund buying.

Frank
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