America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Voltaire who wrote (382)	1/1/1999 2:03:00 PM
From: Chuzzlewit	Read Replies (1) of 41369

Voltaire, everybody knew that there would have to be a spike in the price toward the close of Thursday's session because index funds must buy then. They have no option. They must exactly mirror the S&P500, and price is not an issues. Why do you have such a hard time understanding that. The fact that funds must buy creates demand which pushes the stock up. This happens to virtually all stocks when they are added to a major index. This information has been reported repeatedly in the financial press. What makes AOL unique is that it is probably the most volatile stock ever to be added to the index. I have posted Cosmo a detailed discussion of his comments which I believe refutes his position. You may ask him for it if you wish. I have made much of that information available to you previously. CTC

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