11.   Mike Trippitt, an analyst with SBC Warburg, said the price rose because investors are finally recognizing the benefits of forming such a large bank.

12.   More investors are recognizing that mistakes will be more costly in the new environment.

13.   Moreover, investors may not recognize the implications of a big increase in corporate debt when the nation experiences a recession.

14.   The shares will drop more, he says, as investors recognize HMOs are subject to chronic price wars and shakeouts.

15.   The stock soared, but even in the best of times investors recognized they were in for a higher-risk experience.

16.   Travelers investors recognize that Smith Barney needs support from its overseas businesses.

17.   When held for years, not months or weeks, stocks gain value, he said, and serious investors recognize that.

18.   While not one of the Big Six, it is a national firm with a name most investors recognize.

19.   While it may be far too soon to know if that will happen, others in the industry have expressed concern that investors recognize the limitations in these programs.