NEXTEL Message Board - Msg: 3905739

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : NEXTEL

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kevin F. Spalding who wrote (5440)	3/31/1998 5:49:00 PM
From: Erik H. East	Read Replies (2) of 10227

The total cap tied to the S&P 500 index is reported to be $600 Billion. Nextel might represent pop of 1/500th or $1.25 Billion of the index funds. Nextel trading : 37 Million shares X $33 3/4 = $1.24 Billion. However, the total cap tied to the S&P 400 index is reported to be $20 Billion. So those sales are close to negligible. My conclusion is that the forced buying by the index funds is about over. Wasent it great! I sold some tax deferred shares at the high for the day of 34 1/8. I have not tried a limit sell order that is set way out of the money before, but someone took the bait. Bet I can get them back by Friday for a few dollers less.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next