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Technology Stocks : NEXTEL
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To: Al Gutkin who wrote (5482)4/1/1998 2:37:00 PM
From: Stephen Steir  Read Replies (1) of 10227
 
Al, I don't believe that the increase was artificial. The increase will stick because it was precipitated by a strong change in the supply and demand equation. Being added to the S&P 500 causes a one time, positive shift in demand from index funds until the company is subsequently removed from the index.

Additional upward movement resulting just from the prestige of being included in the S&P 500 "club" can be fleeting.

Steve
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