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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: George L. Smith who wrote (2315)	10/1/1998 4:40:00 PM
From: Tom Smith	Read Replies (1) \| Respond to of 4509

George, I've had similar criticisms of LLCoolG's posts in the past. Basically, the guy writes things without thinking very much. Your point is entirely correct. Once the initial buying by the index funds is complete, PSFT will continue to move on its own accord regardless of the performance of the S&P 500 in total. Tom

To: George L. Smith who wrote (2315)	10/1/1998 4:55:00 PM
From: Marq Spencer	Read Replies (1) \| Respond to of 4509

>Why would you say this? Once the index funds get into the stock there is no reason for the S&P to move the stock. It's the other way around isn't it? PSFT is now one of the driving forces of the S&P.< George, Your statement is only partially correct - it would be 100% accurate if nobody bought or sold the S&P 500. But as many have pointed out, there are funds that mimic the indexes. If money keeps flowing into these funds, they'll drive the stocks that are part of these indexes, rather than the other way around. - Brian.