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


To: Tunica Albuginea who wrote (1313)1/4/1999 2:51:00 PM
From: sam  Respond to of 41369
 
I agree. And I hope they end up buying their shares higher than they would have if they had just bought this morning (like me).



To: Tunica Albuginea who wrote (1313)1/4/1999 3:00:00 PM
From: BGR  Read Replies (1) | Respond to of 41369
 
Tunica and Thread,

My (possibly faulty) understanding was that index funds usually mirror the index via the futures market and not the equities market directly (as was done in the early days of indexing which used to be an extremely difficult procedure). I am therefore rather surprised by all this talk about Vanguard buying AOL stock thus pushing price up etc. (Background: I own AOL and like the stock regardless of index fund buying.) Would appreciate any explanation.

TIA!

-Apratim.