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Technology Stocks : Rockwell-Spins off Conexant (CNXT) -- Ignore unavailable to you. Want to Upgrade?

To: mortwald who wrote (620)1/27/2000 11:18:00 AM
From: w molloy  Read Replies (1) | Respond to of 2013
 
mort >> the usual result of being added to the S&P 500?

Index linked funds are obliged to buy the stock, usually over the next month. The effect on the stockprice willbe persistent.

w.



To: mortwald who wrote (620)1/28/2000 9:18:00 PM
From: Brian Sullivan  Read Replies (2) | Respond to of 2013
 
Well, One thing that I can't hardly believe is that CNXT traded 38 million shares today, most of them in the last 15 minutes. That over 10 times the normal daily volume for this stock. Maybe that was the Vanguard 500 Index fund getting in at 86 dollars a share.

Take a look at the 15 minute chart and you'll see what I mean!!


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