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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bakunin who wrote (28156)	8/4/1999 1:16:00 PM
From: tang	Read Replies (1) \| Respond to of 41369

M.B., thanks for the info. but I only need 1 more split and a pop to $200 - $ 220 range to retire, I am not talking about AOL to DOW 30 and forever rising in price, I am talking about a window of opportunity from 1/1/2000 - 1/27/2001, if it is a dream then so be it.

To: Michael Bakunin who wrote (28156)	8/4/1999 1:19:00 PM
From: Steve Robinett	Read Replies (1) \| Respond to of 41369

Michael, You comment that there is almost nothing indexed against the Dow. and you are, of course, completely right. There are a few Dow funds but only a few and there are Diamonds (DIA), unit trusts that own the Dow. But, as you point out, the S&P 500 is the core of index funds. If AOL were put in the DOW, it would go up for a short time either because of what I'll call a seal-of-approval effect for being included in the DOW or because a bunch of morons who didn't understand the situation thought funds might have to buy it. There is also another problem. The Dow is supposed to be what's called an optimized portfolio, that is, a small set of stocks that represents the market, but AOL has 3-4 times the volatility of the market. Including it in the Dow--someday Internets will have to be represented--would increase the volatility of that small group of stocks and distort even more the Dow's ability to mirror the overall market. Best, --Steve P.S. I thought Michael Bakunin died in Paris in the 19th Century (Is there an emoticon for a little black bomb?)