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Beat me to it Curt. This is good news for our favorite company, yet another cornerstone of legitimacy (like it needed another one for many of us, however...)
WOW, cool! Is there other changes that go along with this? Will TSLA be picked up by more hedge funds? 
WOW, cool! Is there other changes that go along with this? Will TSLA be picked up by more hedge funds?
Because of this TSLA will be picked up by index funds that track the NASDAQ 100. This means that the stock will likely go up next week.
WOW, cool! Is there other changes that go along with this? Will TSLA be picked up by more hedge funds?
Yes. There are various funds that will have to sell ORCL and buy TSLA on or around that date. I remember a bit of a surge in my employer's stock price when they were added to the NASDAQ 100, and the S&P 500.
FredTMC
Model S VIN #4925
This is great!
However, I'm wondering why TSLA is replacing ORCL? Seems to me that ORCL certainly belongs in the index
Typically, you'd expect a bad performing stock to be removed...
However, I'm wondering why TSLA is replacing ORCL? Seems to me that ORCL certainly belongs in the index
Typically, you'd expect a bad performing stock to be removed...
NASDAQ-100 - Wikipedia, the free encyclopedia
Doesn't change much and Netflix was the last to be added on 6/6
Doesn't change much and Netflix was the last to be added on 6/6
mershaw2001
I'm short the short sellers
I would have thought that most of the buying for the indices would be complete by the time of the announcement. If you knew that fund managers had to buy it next week, you could easily load up and force them to pay an exorbitant amount. Instead, I'd imagine they are given a week or two to accumulate, and that accumulation is what took us from 115 to 120.
Will not wait till next week. Traders will accumulate anticipating that
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I suspect this decision also says something about the next report. I strongly doubt that the Nasdaq would add a stock that will drag the index down two weeks later.
InTheShadows
Active Member
Yes if I had the buying power. And the other question is would you be able to get them at that price.
No. Not at these valuations before a Q2 earnings that will show QoverQ substantial drop in earnings- there is no way to predict what the market will do with that imo
That's part of the problem. There's virtually no chance to beat last quarter earnings and yet the market may well be expecting this ala an Apple like performance. If we're real lucky they won't post a loss as they have very clearly forecasted. A small profit is the best we can see which will be MUCH less than last quarter profit, charting a shrinking profit level. We all know this is part of he necessary plan. But the market may well not see it that way. I would advise caution and resist over leverge of positions
Disclosure I'm long TSLA but have pulled back to core stock holding until after the report
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