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It will a huge amount of buying that will come to bear by about 100 index
funds on Dec 31. The Vanguard Index 500 itself will have to buy around $400
million just to get weighted properly. I also don't think there will be much
selling by funds that already own it because they want to have it on the
books for year end. So I think it will easily blow by your target :-)
My instinct would be to sell at the close on Dec. 31, but this net stock
bubble still has higher to float. hat happens in the New Year is anyone's
guess however. Since this is AOL and not a crazy "flea market" net stock,
I'm keeping mine on a long leash.
-----Original Message-----
From: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
To: Metastock <metastock@xxxxxxxxxxxxx>
Date: Tuesday, December 29, 1998 5:00 AM
Subject: AOL
I think
>this higher target makes sense since AOL is going to become a member of the
>S&P 500 on Jan 1 which means all the index funds have to buy it. Anyway,
>I've now got a limit sell order in at 162.
>
>JimG
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