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To: James Thai who wrote (86450)12/6/1999 9:28:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
I beg to differ. AOL closed at 144, and the block crossed at 155 at 4pm, then AOL opened at 155 the next trading
day at 156. I remember too because I was long, plus I just looked it up. :)


I agree. I did not consider 11 points that significant.

Glenn



To: James Thai who wrote (86450)12/6/1999 9:58:00 PM
From: Hobie1Kenobe  Respond to of 164684
 
James -
I was long then too and it was rather interesting trying to decipher what was going on after hours. As a point of reference when AOL went in to the S&P, there were roughly 550,000,000 shares outstanding (at $150 each, the market cap was $8.25 billion). Since then the stock split in February and November 1999 resulting in 2.2 billion shares outstanding at $80 each for a market cap today in excess of $176 billion.

If YHOO moves anything like AOL in the year following its addition to the S&P, the shorts should cover quickly. I have no current position in YHOO (darn it). Good luck.

JF3