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Technology Stocks : Ascend Communications (ASND)
ASND 208.59+4.1%Dec 4 3:59 PM EST
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To: Gary Wisdom who wrote (48314)6/8/1998 6:47:00 PM
From: Lockhart  Read Replies (2) of 61433
 
Last winter a North Carolina regional bank, BB&T, $30 billion in assets was added to the S&P 500. BB&T has approx 130 million shares outstanding, then had average daily volume of 100,000 (now 200,000). When it was added, the stock went from about $57 to $65 immediately, and has stayed in that range. Hard to extrapolate this to ASND though. The index funds aren't traders, and ASND should keep most of its gain.
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