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Strategies & Market Trends : Trading SPY and DIA for Fun & Profit
SPY 679.96-1.1%4:00 PM EDT

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To: Dale Baker who wrote (97)12/23/1998 3:29:00 PM
From: James F. Hopkins  Read Replies (1) of 130
 
Dale; I just picked up on the news , the AOL swap takes place
on DEC31, 33m shares will have to be bought by index funds.
14m of these are subject to come from employees exercising their
options, to sell the stock. Most of the index funds will wait
until Dec 31, or may just do an arb in the futures pit's to
leg into her.
-----------------------
The kick last night by the speculators has now backed off some,
but she is still in the MID400, ( no wonder the MDY spiked today
however, let's keep in mind she also leaves the MDY on DEC31,
and that could reduce the internet MDY proxy effect. Likely
it will, now I wonder who they will bring into the MDY ?
Jim

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