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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: ct who wrote (418)	12/31/1998 3:14:00 AM
From: BomboochaBoy	Read Replies (2) \| Respond to of 41369

>> The article says that the shares will be bought after the close. Where are all of these shares coming from? Are the MM's in the process of picking up the shares for the fund managers by causing the price to fall thereby causing individuals to dump. Wouldn't that be manipulation? << AOL will be added after the close, but managers must have the stock in their portfolios beforehand. This is why, for example, a Vanguard index manager said recently that he will be buying AOL en masse beginning at 1 p.m. Eastern Time. Whatever AOL is selling for then, he has to buy. Period. The bottom line is that his portfolio must match the S&P 500 precisely.