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Technology Stocks : JDS Uniphase (JDSU)
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To: t2 who wrote (7233)3/7/2000 9:09:00 PM
From: TigerPaw  Read Replies (2) of 24042
 
Index managers, Family CEO.

I'm sure that fund managers don't want to give their good gainers to some other fund in the family. I think the fund family has the equivalent of a board of directors that instructs funds to buy in advance of a potential index listing, and to transfer the shares when necessary, and then they may get the shares back at a later date. They all know they are going to do this so the original purchase has the index fund in mind.

I watched this trade by trade nearly, when GMST was included into the Nasdaq 100. I anticipated that the funds would have to buy and I saw nothing, not a buy. No institution touched GMST until today. They had all bought in the preceeding weeks. It zipped up, and zipped right back down to the former institutional level.
TP

(I think there is money to be made in the probable additions to the major indexes in the next few days)
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