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 : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?


To: Director who wrote (24538)11/30/1999 5:50:00 PM
From: KatayamaGorobei  Read Replies (1) | Respond to of 27307
 
Ahem...

<< it ALWAYS corrects at least 10%, which would be
around 200. I may cover then.>>



To: Director who wrote (24538)11/30/1999 5:51:00 PM
From: Craig A  Respond to of 27307
 
Maria has spoken.
Up 21 1/2



To: Director who wrote (24538)11/30/1999 5:52:00 PM
From: Pruguy  Read Replies (1) | Respond to of 27307
 
congratulations..that was no cake walk



To: Director who wrote (24538)11/30/1999 6:39:00 PM
From: CookiePuss  Respond to of 27307
 
Alert: Yahoo Trading at 235, Up 22-1/4 From Tuesday's Close-traders (NasdaqNM:YHOO)

biz.yahoo.com



To: Director who wrote (24538)11/30/1999 7:34:00 PM
From: Director  Read Replies (1) | Respond to of 27307
 
This is what the S&P says a stock will do...

when added. Up 3 to 5% the "first few trading days" and then resume normal trading, which in YHOO's case may be down. Remember ARBA announced a 2for1 split after closing at 216... opened at 236 and traded as high as 240... then sold off to close at 211... all on the same day. YHOO may do the same tomorrow. Here is what the S&P says about a new stock addition.

A Myth Exploded: "Index Effect" Doesn't Boost Index Performance
One factor that does not boost the index's performance is the "index effect." The index effect is the tendency of stocks to run-up when Standard & Poor's announces that they are about to be added to the S&P 500. A rise of 3% to 6% in price over a few days following the news is typical. The price rise is generated by index funds buying the stock and by arbitrageurs trying to create a market squeeze and profit from it.

Standard & Poor's doesn't want to move the market. Several years ago, in an effort to reduce potential market impact, we began making our announcements a few days in advance rather than waiting until the last minute.

While the index effect may be exciting, it doesn't go into the numbers we report. If we announce that a stock will be added after the market close five days from now, the index effect will play out over the next five days. But the price used for index calculations is the closing price on the fifth day, the day it is actually added. Any price run-up happens before the stock joins the index and the index numbers don't benefit from it.



To: Director who wrote (24538)11/30/1999 8:16:00 PM
From: john defreitas  Read Replies (2) | Respond to of 27307
 
director, please explain your math regarding doubling your money. on Nov 27 you state you went short at $219. this morning you state you won't consider covering til it hits $200, but now after the news hits, you are out completely and have doubled your money. are you for real?
did you get an inside tip? what would make the big bear of YHOO close out today?