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To: Bill Harmond who wrote (2205)10/12/2000 11:58:34 AM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 57684
 
William,

This article is about WAP and obviously PHCM. Do you have any thoughts on it?

interactive.wsj.com



To: Bill Harmond who wrote (2205)10/12/2000 2:13:34 PM
From: Elsewhere  Respond to of 57684
 
Could it be 12/7/99 when Yahoo had that volume spike to 134 million shares?

Yep, the good old days:

The Wall Street Journal Interactive Edition December 8, 1999

Today's Markets: Yahoo! Surges in S&P Effect As Blue-Chip Stocks Weaken
By E.S. BROWNING, Staff Reporter of THE WALL STREET JOURNAL

It was "yahoo!" for the highflying Internet stock Yahoo! Inc., and "boo hoo!" for most of the rest of the stock market.

Even by the normally wild standards of Internet stocks, the ride that Web-navigation company Yahoo took Tuesday was woolly. It soared $67.1875 a share, or 24%, to $348 a share, on a market-dominating 66.4 million shares (even before heavy late-trading activity). Yahoo now has a market capitalization double that of General Motors.

The big news? There wasn't any. It was just the latest -- and greatest -- example of the S&P Effect, or the jump that stocks take when they are about to be added to the Standard & Poor's 500-stock index. Yahoo, which trades on the Nasdaq Stock Market, joined the index after the close of trading last night, but the announcement that this would happen was made Nov. 30 after the close of trading, when the stock was at $212.75.

Traders said Yahoo's surge Tuesday eclipsed any other stock news there was in the market; it capped a gain of nearly 64% in Yahoo's market value in the space of just one week.
...

interactive.wsj.com



To: Bill Harmond who wrote (2205)10/12/2000 3:44:00 PM
From: re3  Read Replies (1) | Respond to of 57684
 
looks like on dec 8th the price of yahoo settled post split to 160, and its now under 60.

so, yahoo has severely underperformed the s and p since its been added, correct ?

why then do people buy index funds, aren't they buying a bunch of has beens ? wasn't the time to be SELLING yahoo right when the s and p put yahoo IN ?

(but it was a great investment up till its inclusion in the s and p)

this is why i think there may some spectacular winners in tech yet i still think the nas is going to 600. too many has beens...