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Technology Stocks : Citrix Systems (CTXS) -- Ignore unavailable to you. Want to Upgrade?


To: Chuzzlewit who wrote (7317)12/3/1999 8:11:00 PM
From: jhg_in_kc  Read Replies (1) | Respond to of 9068
 
Chuzz, right now, two stocks I own are to be added to the S&P 500, Citrix and Yahoo. Here's an article about how AOL was added to the S&P..last year about this time...
thestreet.com
I am trying to assess (anticipate) the impact the listing will have on CTXS and YAHOO based on how big a percentage of the 500, they will become. How many shares will have to be bought by the indexers and by what deadline?
No one on the Yahoo thread seems to know for sure? Some have said there is a 30 day grace period from the time the stock becomes an S&P 500 stock and the time indexers MUST have it in their portfolios (and in proportion to its weight).
Did CTXS automatically enter the 500 on the day the Mobil/Exxon merger took effect? YHOO goes in at the end of the year?
When will the indexers buy and how much will they have to buy of the floats?
Any thoughts, one and all?
all the best
jhg



To: Chuzzlewit who wrote (7317)12/3/1999 8:25:00 PM
From: jhg_in_kc  Read Replies (1) | Respond to of 9068
 
Chuzz, you correctly anticipated the fall of AOL and Dell last year when you also got "twitchy" in an "overheated" market. But that was in February, the tail end of winter or the early spring, after the tech and internet 4th quarter and Xmas season strong run up.
We had moved into a new year and Dell then soaring to 110, missed a revenue number in Feb, and AOL peaked in April at 175 after an insane run up due to its inclusion in the S&P and a double dose of splits, in November and then again in Feb I think.
Just now we are once again in the time of year when tech and internets garner huge profits. We have no interest rate fears till next Feb. I would say the time to worry is in the early spring, just like a year ago. I feel that is when the market will correct.
What do you think? Remember AOL is just now back to the level it was then in 1998 and CTXS has a great future ahead of it.
Why are you so twitchy just now. It is too soon, I believe.
jhg



To: Chuzzlewit who wrote (7317)12/4/1999 3:44:00 PM
From: Murrey Walker  Respond to of 9068
 
Somewhat OT

Chuzz...I agree that the market is somewhat stratospheric, hot, and stretched. I've taken this opportunity to build (courtesy of some nice runups like JDSU, SUNW, and yes, even QCOM) a good reserve to take advantage of the downturn when it comes. That said, I find it very difficult, in spite of lofty valuations to just walk away from the near term momentum that's driving this market.