NST $13.39 down 12% WTF Team, page-36

Maybe best time to buy is a few weeks after the inclusion? Below reckons there could be falls. So just a warning before jumping on board.

Toot toot! Afterpay runs into index day - Financial Review

The tearaway will be included in the MSCI Australia Index at close of business on Friday which is likely to mean one thing: buying.Afterpay, run by Anthony Eisen and Nick Molnar, is attracting buyers this week.

Equities desks have been readying clients for the past fortnight or so, which has only fuelled the stock's dramatic rally. There's sure to be big volume all week, especially after market on Friday.There's likely to be buying from index huggers, who trade based on MSCI's recommendations, and the offshore types who wait for MSCI to name something in a country index to take the stock seriously.

Hedge funds have also wound back shorts to prevent a nasty squeeze. Short bets were worth 1.67 per cent of issued shares, according to ASIC data as at May 19, down from 5 per cent when the market was near its bottom in late March.Evolution Mining and Northern Star Resources are also rallying in the same vein, and also await MSCI Australia inclusion on Friday afternoon

Bell Potter's Richard Coppleson - an Afterpay shareholder - reckons rises like this are often followed by a fall. He says buying for MSCI inclusion typically lasts for a few days after the changeover, before the sellers hit it. And the sell-off could last a few weeks, he says.