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To: Softechie who wrote (124)11/6/2001 1:07:30 PM
From: grinder965  Read Replies (1) | Respond to of 167
 
Doubt the funds have much left to sell. Vanguard funds had about 4.4 million shares at the end of Sept. when the stock was much higher. They've no doubt sold most of it to realign their SP-500 Index Fund due to about 90% of the market cap being wiped out. In fact I wouldn't be surprised if their forced sales helped contribute to the latest downdraft.



To: Softechie who wrote (124)11/6/2001 3:18:34 PM
From: sammaster  Read Replies (1) | Respond to of 167
 
how often is sp500 list made? end of year? or monthly?



To: Softechie who wrote (124)11/6/2001 6:20:50 PM
From: Marty Rubin  Respond to of 167
 
the old ceo is still there, and will be acting ceo until the end of the year (please double check with press release). i think index funds can change their holdings before such actions are taken, so the question is "do they still have shares to sell?" I guess it depends how long it takes s&p to drop them. in GX's case, it took little time, in which case it was a falling knife until a week after being dropped. here we are going into a second week, mostly sellers, and no news.