Beware Of Goog!

[Rod]

Google will be added to the S&P 500:

http://money.cnn.com/2006/03/23/news/companies/google.reut/index.htm?cnn=yes

It will either be a curse or a blessing for the (C).

What do you think?

God Bless

 

[tsptalk]

My guess, short term gains that will be sold off quickly. It happened with eBay and Amazon. Goog is up after hours so I think we missed the buying opportunity. By Monday you'll see the profit taking start kicking in.

 

[Birchtree]

In the longer term - probably a blessing. Goog may help provide some leverage, especially to the upside now that it has corrected some.

 

[mlk_man]

Rod, I wish you would of told me this yesterday when I could of bought some...............

I remember seeing somewhere last week that Google was being added but I forgot all about it............

 

[Rod]

Rod, I wish you would of told me this yesterday when I could of bought some...............

Sorry Mike... I had just found out myself.

 

[mlk_man]

That's alright. I should of stuck a Post-It on my forehead........

 

[Soldat]

IMO GOOG will be a curse. S&P doesnt need the GOOG tech stock, lousy choice for addition, GOOG will die soon.

 

[tsptalk]

My guess, short term gains that will be sold off quickly. It happened with eBay and Amazon. Goog is up after hours so I think we missed the buying opportunity. By Monday you'll see the profit taking start kicking in.

When I made that post I had thought the change was happening last Friday (3/24), not this Friday. The gains in Google since the announcement have been impressive. So this Friday is the Google day. What happens to it on Monday?

 

[mlk_man]

Do you all think that with GOOG joining the S&P tomorrow that this will boost the C fund at least for a day with fund managers buying it?

 

[Rod]

Do you all think that with GOOG joining the S&P tomorrow that this will boost the C fund at least for a day with fund managers buying it?

Hey Mike,

I believe this article will interest you:

http://msnbc.msn.com/id/12024998/

 

[mlk_man]

Interesting, thanks Rod!