SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Global Crossing - GX (formerly GBLX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: oilbabe who wrote (1985)9/20/1999 9:30:00 AM
From: AurumRabosa   of 15615
 
I've seen news articles claiming that inclusion into the SPX results in a 5% or so pop in the share price within the first couple of days as index fund managers blindly pile in. Witness the QCOM addition to SPX. Isn't it reasonable that index funds will also have to dump shares of GBLX if they're dropped from SPX and that GBLX would drop at least 5% and perhaps more if it panics shareholders beyond the index automatons.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News