With Google's announcement that it will list on the NASDAQ and since most of us would not be able to afford to bid into the IPO, I just invested in a NASDAQ Index mutual fund (actually a spyder) on the hunch that Google will take the entire NASDAQ higher.
This may be a unsophisticated, mis-informed strategy, but the DOW closed down today and the NASDAQ closed up.

Somebody, anybody, please tell me my logic is wrong. Otherwise I might continue investing based on my outlandish theories.

I plan to cash out and move the money to a money market account (much safer) within 30 days after the IPO until I channel the next strategy.

I have no advise, good or bad.

I dove into the NASDAQ in 1990 for an IPO of the company I worked for.

OUCH!!!!

PEACE

Jim Chester

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Originally posted by Kweli4Real:

. . . I just invested in a NASDAQ Index mutual fund (actually a spyder) on the hunch that Google will take the entire NASDAQ higher.

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To be clear, isn't a Spyder the index for the S&P 500? QQQ is the symbol for the Nasqaq index - which would probably eventually include the Google stock.

BTW - I agree with your strategy and have invested in indexes like that for awhile - of both the Dow and Nasdaq.