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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?

To: Kevin F. Spalding who wrote (5440)	3/31/1998 5:49:00 PM
From: Erik H. East	Read Replies (2) \| Respond to of 10227

The total cap tied to the S&P 500 index is reported to be $600 Billion. Nextel might represent pop of 1/500th or $1.25 Billion of the index funds. Nextel trading : 37 Million shares X $33 3/4 = $1.24 Billion. However, the total cap tied to the S&P 400 index is reported to be $20 Billion. So those sales are close to negligible. My conclusion is that the forced buying by the index funds is about over. Wasent it great! I sold some tax deferred shares at the high for the day of 34 1/8. I have not tried a limit sell order that is set way out of the money before, but someone took the bait. Bet I can get them back by Friday for a few dollers less.