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Facebook, Inc. (FB) Message Board

  • nomorelosses nomorelosses Dec 4, 2012 8:56 PM Flag

    News is out AH... should see 29.75 tomorrow.Bank on it..

    You know very well what I am talking about many hedges and funds now have to buy FB to add it to their pro folio ....See you at 29.75 tomorrow...

    Sentiment: Strong Buy

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    • great news

    • More index funds will need to buy shares in Facebook (FB) now that the stock is set to join the Nasdaq 100. The exchange operator said Tuesday evening that Facebook will join the widely followed index of the 100 biggest non-financial Nasdaq OMX Group-listed (NDAQ) companies as of the open of trading on Wednesday Dec. 12.

      It’s now likely just a matter of time before the Standard & Poor’s 500-stock index (SPY) includes the stock. Havingfour quarters as a public company of as-reported positive earnings is one criteria that will be met by the middle of next year.

      Joining an index can provide a nice artificial tailwind for stock performance in the short run, though in this case the move has been expected for months, so the effect already may be priced into the stock. I noted in Barron’s noted as early as April that Facebook was on track to join the index late this year. Facebook’s stock was down a fraction in Tuesday after-hours trading shortly after the announcement.

      The $31 billion PowerShares QQQ (QQQ), the seventh biggest exchange-traded fund, will need a chunk of the stock, as will a handful of smaller funds. Facebook will take the place of Infosys Ltd. (INFY).

      For more reading on the “index premium” baked into stocks once they’re set to join a popular index, read here.

      Sentiment: Strong Buy

    • That explains the action these last 3 weeks. Insiders holding + funds buying + shorts covering = perfect up swing. Of course, you do realize that this is old news to most fund managers, right?

    • Check out headline:

      Facebook to Join Nasdaq 100 Next Week

      $100B stock my expectation some time next year.....
      JMHO

      Sentiment: Buy

 
FB
80.54+0.06(+0.07%)May 22 3:59 PMEDT