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Google (GOOG)
at 2006-04-04 01:40:34
Standard and Poor's just announced that Google (GOOG) will be added to the S&P 500 Index as of the close on Friday, March 31st. This is big news, and has the stock +$25 in after hours trading. This is because the index managers need to buy shares of GOOG to rebalance their funds.
I don't know how many shares of GOOG these index managers need to add in total, but I think it should be enough to keep a strong bid under the stock into quarter end.
long GOOG
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