JW et al, saw that too. Just Amazing. I was half watching after the Brit. Open preview on ESPN, switched to CNBC and noticed JDSU up noticably to 115 and thought 'what could have brought that on?' Wasn't sure [ooh, Maria just gave a wry smile and made the correction - no doubt they got flooded with emails] what was going on, no earnings report, not sure of SDLI's date. So ?... then I noticed it kept going up, and up and up, quite amazing really, 125 now. About one point every two minutes. Lots of happy people on the porch tonight!
Question for JW or anyone: Being added to the S&P 500 as of Wed. (I believe) is there any way to measure an expected increase on that event - e.g. 10%, 20% increase in price; or, to state that another way, do past examples, because of the required purchases by funds, give a standard percentage increase when this happens?
bowledover
ps. now settling down around 122-123, 121-122. |
