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Politics : Ask Michael Burke
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To: gambler who wrote (33457)10/6/1998 9:50:00 PM
From: Squidman  Read Replies (1) of 132070
 
Gambler& MB ,

I also have been wondering about CCE. I'm a little perplexed why a bunch of analysts upgraded it after it dropped from the 40's. I assume they think it's "cheap" now. But it still looks way over-valued to me. It looked ready to drop again last week and I had some of those cheap puts. But then it was announced that CCE was going to join the S&P 500 and its been going up ever since. It looks like a great opportunity to buy back my puts but I'm uncertain about the timing. Can anyone tell me how joining the S&P usually effects a stock? Am I right in assuming that much of the buying now is from index funds? Do those funds usually try to buy a new index member before it joins the index (after the close on Oct 7, I think)? Or does the buying persist for sometime after?

Squidman

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