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To: James Thai who wrote (24644)12/3/1999 7:15:00 PM
From: James Thai  Respond to of 27307
 
Here's an article that talks about how AOL was added to the S&P..

thestreet.com

So, for YHOO, the S&P 500 mkt cap was $11.4 trillion at the end of Nov 99, YHOO's mkt cap as of today is $66.9B, which is 0.58% of the total. So with about $700B indexed to the fund, there needs to be about $4.0B worth of YHOO to be bought, which is about 15.8M shares. That seems somewhat high, since the float is only 105M shares. Hmm.

Just the Vanguard 500 needs to buy about $98B*0.0058/253 = 2.2 million shares. Wow.

James.



To: James Thai who wrote (24644)12/4/1999 11:20:00 PM
From: Jeff O'Brien  Read Replies (2) | Respond to of 27307
 
Concerning AOL: If I remember right, AOL jumped from about 18 million shares at the close to 36 million within 15 minutes after the close. I remember watching the action that day (the markets closed at
1:00 that day). The price also jumped higher into the 160's but did
settle back to 155 by the time all was said and done. This is my recollection of it.

Jeff


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