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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Labrador who wrote (12959)	12/23/1998 11:41:00 AM
From: Modano	Read Replies (1) \| Respond to of 13594

AOL... Profit taking seems to have slowed. I bet shorts are crapping in their shorts right about now. Prepare for lift-off. Modano : )

To: Labrador who wrote (12959)	12/23/1998 12:16:00 PM
From: Cosmo Daisey	Read Replies (3) \| Respond to of 13594

bob, """Question -- Now that AOL is added to the S&P 500, how many shares must funds buy to satisfy the demand? someone posted this question on Yahoo but no one responded. Is it millions? """ It depends on the individual fund. The funds will purchase the "weighted" amount to balance their fund to mirror the index. You can figure it out by looking at the cap of the fund and the weight of AOL in the S&P. This is a guideline because the funds don't necessarily have the exact composite makeup, they may be longer the movers and have less of the poor performing stocks. However the target price for AOL was just raised by a German brokerage to $160.00 so the funds may want a stronger position in AOL. In any case, it looks pretty good for AOL. cdaiseyPhD@heliopause.com

To: Labrador who wrote (12959)	12/23/1998 12:35:00 PM
From: steve lipson	Read Replies (1) \| Respond to of 13594

The Vanguard Index 500, the largest retail fund, has nearly $70 billion in assets. To make AOL 0.65 percent of the portfolio, it alone is going buy about $450 million or 3 million shares. The S&P 500 is also influential beyond just the index fund buying, however, because so many retail and institutional managers benchmark their performance against that index. A common strategy, therefore is to treat the S&P 500 as their potential buy list and try to beat the index by owning what they believe to be the best stocks in each sector.