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View Full Version : Beware Of Goog!

Rod
03-24-2006, 04:23 AM
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
03-24-2006, 04:40 AM
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
03-24-2006, 04:43 AM
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
03-24-2006, 12:22 PM
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............:confused:
Rod
03-24-2006, 03:34 PM
Rod, I wish you would of told me this yesterday when I could of bought some...............:(



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

:D
mlk_man
03-24-2006, 03:42 PM
That's alright. I should of stuck a Post-It on my forehead........:D
Soldat
03-26-2006, 01:24 AM
IMO GOOG will be a curse. S&P doesnt need the GOOG tech stock, lousy choice for addition, GOOG will die soon.
tsptalk
03-30-2006, 07:33 AM
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? :eek:
mlk_man
03-30-2006, 01:05 PM
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
03-30-2006, 03:32 PM
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
03-30-2006, 03:57 PM
Interesting, thanks Rod!