Lucky holders will have one more chance to sell
in the 230's. The sell-off will happen sooner than
the arbs want it to... the market is in a correction
mode. Bad timing for YHOO to be added to the S&P.
basically shares that public holds (plz correct
me on this). When Yhoo added to the S&P500, index
fund will have to follow by buying "LONG TERM" lots of
shares. It takes away significant portion of the float.
Yhoo may have to increase the amount of shares in the
market. I guess I got it right??
I used to smell
2-1, but now 3-1 is more realistic. It could happen as
soon as tonight.
Cometh December 7th, index funds will begin
buying up shares of YHOO. An earlier poster made a good
point that these funds are long term holders and large
buyers, therefore reducing the float of available shares.
I think the affect will be positive, but not enough
to move us up to $300. That will have to come from
another good earnings announcement in the next quarter. I
don't like it when stocks move up for fluff reasons,
since i am long-term investor. For daytraders and
short-timers, splits, s&p additions are big things.
Do you Yahoo?
Market cap weighted? You bet. Yahoo will be one
of the biggest market caps in the S&P 500 and will
cause a readjustment in the index ... not only will
there be money pouring into Yahoo joining the index ...
there will be an adjustment with money flowing from the
smaller cap members of the S&P 500 into Yahoo. There will
be major institutional buying next week in Yahoo.