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Non-Tech : The Critical Investing Workshop

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To: bonnuss_in_austin who wrote (26591)	7/25/2000 8:29:06 PM
From: Sully-	Read Replies (1) of 35685

Said 158 million (or 153...around there) have been bought; but only 50-some-odd million will be bought by MMs. Bob Pisani mentioned double counting, so as much as 1/2 of those shares may be double counted. WHY? Because they're ONLY going to buy ENOUGH to replace the current value of the Rite-Aid they hold in their funds. I believe Pisani said that due to JDSU's market cap they will garner a much larger weighting in the S&P 500. They will need to buy 53 million shares of JDSU. Since Rite Aid's market cap is so small it has an extremely small weighting in the S&P 500, so they will have to sell a portion of the rest of the S&P 500 to rebalance the index. He also said this could cause the S&P to sell off tomorrow as well. I'm pretty sure this was how Pisani discussed it. Good luck with RMBS & JDSU, Tim

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