Word: pays
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Dates: during 1990-1999
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...round lots of, say, 100 shares. That's one reason stocks that split have historically got about a 5% lift between the date of the announcement and the actual split. Lately, though, the pop has been more explosive. EBay rose a quick 37%; Xerox, 10%; Microsoft, 12%. People now pay for services that alert them via pager or e-mail whenever a split is announced, so they can quickly buy the stock. It's an example of lemmings running amuck in the market--dumb money chasing any trend that doesn't require thoughtful analysis...
When America Online said last November that it would buy Netscape in a stock swap, rabid online traders drove up Netscape's price beyond what AOL had said it would pay. There was no prospect of a bidding war. The lemmings--too busy to use a calculator--were simply piling...
...Tough Policy That Failed" [LAW, Feb. 1], mandatory minimum sentences are a travesty of justice. Not only do they not prevent criminal activity, but they are also very costly to our society. It is senseless to have these people locked up instead of being able to work and pay taxes. Talk about living in a police state! ERIC HANDEL Easthampton, Mass...
...breaks," "going out for coffee" or "drinking coffee." So when the government decided to spend $250,000 on caffeinated-gum research, I was thrilled. Instead of money wasted on defense (Hello? We haven't been invaded since 1812) or that unfinished FICA project I keep reading about on my pay stub, this would help someone with a real problem. Soon I too could awake groggy and cranky, pull out a couple of sticks of gum, read the paper and then deal with the wife and kids. As I saw it, caffeinated gum research could get me a wife and kids...
...next few months, Balkin's assistants will pay people to stay up until 4 a.m. Then they're going to give them wads of gum and keep them up 14 hours more, testing their alertness by having them push a button as fast as they can when a signal goes off. The subjects will do this until they go mad and beat one another in a way that's uncoordinated enough to entertain the scientists. At least that's how I would run the experiment...