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Technology Stocks : America On-Line (AOL)
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To: 1SFG who wrote (1300)1/4/1999 2:20:00 PM
From: sam  Read Replies (3) of 41369
 
Apparently Vanguard has only purchased about 50% of there position. They'll buy the rest over the next few days -- hoping for a better price than 160. They tell CNBC that they are under no legal obligation to own aol at any particular time (i.e. at the exact time that AOL trades in S&P 500). Caretaker passive fund managers need to remember that it really doesn't matter at what price they buy!! Right? Probably some big sells will precede the major buys. Just my opinion -- I could be wrong -- so it is not necessary to flame me.
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