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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Tim Luke who wrote (4581)1/2/1999 12:16:00 PM
From: Jeff O'Brien  Respond to of 90042
 
Tim,

Did you happen to see the action on AOL on Thursday? The same kind of thing was happening all day with the mm's keeping the price down, but you knew at the end of the day it was going to pop big time because of the S&P 500 listing and the index funds buying in. Near the close it was down almost 3 points and had traded 18 million shares. Minutes after 4:00 the shares jumped to 37 million, and it was up 12 1/2 pts. It finished the day up about 7 1/2 pts.

Jeff

P.S. I tried to have this response after your ASND post, but SI must have had some difficulties, cause it wouldn't take.