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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Walkingshadow who wrote (2645)12/13/2004 7:38:24 AM
From: Venditâ„¢  Read Replies (1) | Respond to of 8752
 
Terry,

I noticed that SIRI and XM were added to the NASDAQ 100 effective 12/20.

That means that there will be a tug of war to own both stocks between now and then but the big bang should happen on the 20th if the same thing holds true as it did when AOL was added to the S&P 500 Index back on the late 1990s.

Every index fund that owns some of the NASDAQ 100 or that is a NASDAQ 100 fund will have to buy SIRI shares on December 20.

Anyone who is short SIRI is about to get their clock cleaned.

<g>

Reid