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Technology Stocks : America On-Line: will it survive ...?
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To: jack rand who wrote (7985)2/18/1998 2:56:00 PM
From: steve lipson  Read Replies (2) of 13594
 
They liked it so much that they bought $500 to $700 million of it.

They like it enough today to hold $1.1 billion of it accounting for 0.5 percent of all their assets in all their collective funds.

Do you really want to try to argue that this shows a waning of affection. To continue to hold a higher total dollar volume and a higher total percentage of all their assets in this stock, I think you would have to argue if their view has changed in any way it is that they view the risk reward more positively not less.

No, they don't like it enough to want to hold 12.8 mm shares equivalent to $1.4 billion of the stock and 0.6 percent of all their holdings combined. I don't know what you think that proves.
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