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

To: Cosmo Daisey who wrote (2936)	1/19/1999 6:07:00 PM
From: RocketMan	Read Replies (3) \| Respond to of 41369

AOL's float is about half a million shares. Let's say institutions own 3/4 of that, that leaves 125,000 shares for individual buyers. Let's say the average retail owner has 100 shares (it is probably much more). That makes for 1,250 retail shareholders. That is a drop in the bucket. There are several million individual stock investors. That is who is left to buy.

To: Cosmo Daisey who wrote (2936)	1/19/1999 7:51:00 PM
From: Keith Howells	Read Replies (1) \| Respond to of 41369

Cosmo, I agree that lots of folks are already in but there are also a substantial number that aren't. I think that there are a lot of people who invest based upon what some of the largest and best run funds do. Magellan certainly qualifies as one of the biggest, and ever since the management change a while ago, has really come back as one of the best run. Let's watch and see what happens over the next couple of days. It will be especially interesting to see what happens tomorrow morning. Keep in mind too that #1 in Magellan's holdings is GE, but more importantly, #2 is MSFT. They went up almost 6 points today and are the company with the largest market cap period at 388 billion. That makes them 5 1/2 times as big as AOL. I would think that if the "who is left to buy" argument is valid, it would certainly be true with the absolute largest company in the market.