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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: dumbmoney who wrote (17850)3/23/1999 5:13:00 PM
From: Zeev Hed  Respond to of 18691
 
dumbmoney, I am not sure Victor is so wrong. The Wilshire is total capitalization (shares time price per shares), the total number of shares is all ne issued (do we adjust for splits?), with major acquisitions, and major buy backs by large outfits it is quite possible that the number of shares has not increased by much despite all the new offerings.

Of course, we have those floorless giving birth to about a billions new shares (I know one company that went from 25 MM shares to 175 MM shares new shares , thus by itself adding in the last 2.5 years 150 MM shares) and I do not think that all the buy backs plus all the acquisition in the last two three years amounted to a billion shares (some acquisitions were big, but in many cases new shares in the acquirer were created, few went for real cash, including Chrysler).

Zeev



To: dumbmoney who wrote (17850)3/23/1999 10:38:00 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 18691
 
<< . (Tip: number of shares is meaningless. It's market cap that matters). >>

In a supply / demand market place the no of shares is not meaningless, dumbmoney. And of course the mkt cap of Wilsh 5000 has increased; there's been more and more money chasing it! My point exactly!

Victor