Well, last week it was announced that Google would be added to the SP 500 On March 31st. Many, many people, including myself, looked forward to this event. When announced, Goog went up 7% Friday. Today it went up another 1%. Although I sold half my shares early last week, between Friday and this morning I bought those back and some more.
I truly expect Goog to show some sure footed frenzy when fund managers start buying on the 31rst. I already locked in a tidy profit last week and hope to add more. Or course, lots of people hope Goog hits an all time high. Well, that'd be great. But even if it doesn't I'd like to see some modest gains in the weeks to come. And can't imagine why I won't.