Smart Investing

Making sense of the market to make money

Wednesday, March 29, 2006

Google added at Apple's expense?

This is a follow up for my yesterday's blog. The following TheStreet.com article supports my thesis that Apple may be at a bargain today.

Apple Is Sliding Toward the Bargain Bin

And I feel that it's Google's addition to the S&P 500 at the end of this month causing so much slide in Apple shares. Probably fund managers are swapping their Apple stake for Google's. I had read that this may happen with Yahoo but my firm belief is that it is Apple that is getting hammered. And Jobs selling Apple shares would be helping also. Look for a nice bounce next month for Apple when all this bloodshed ends!

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