Gemstar Intl (GMST) Message Board

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Technology Stocks : Gemstar Intl (GMST)

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To: pompsander who wrote (1256)	12/29/1999 6:20:00 PM
From: Zirdu	Read Replies (1) of 6516

Isn't it obvious that the reason for the sharp swings in GMST lately, especially at the end of the day today, and the big after hours volume today (if true - I can't see it), is the fact that it is being added to the Nasdaq 100 (QQQ)effective tomorrow? All funds tracking this index must buy, or if they are short QQQ sell, and that was the reason for the jump from 65 a week or so ago. Now it is rebalancing between them and the MM, etc. I wouldn't worrry much about any of this recent action, as it is all artificial and due to this QQQ addition, in my opinion. I think we will settle down in a day or so.

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