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Non-Tech : The Critical Investing Workshop

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To: Hobie1Kenobe who wrote (7964)3/17/2000 11:07:00 AM
From: Clappy  Read Replies (2) of 35685
 
RE: Rebalancing of S&P 500 and Strategy

CNBC mentioned a few stocks like LU, NT and a few others.
It appears that at the close of today's market, they will be buying approx. 6 million shares of NT and approx. 3 mill of LU. And a few million shares of a couple other companies...

I just looked at NT's chart and their TA indicators appears to be indicating a rise in price.

With this in hand, and knowing that NT's average volume is ~6 million per day, I decided to buy a few shares and take advantage of the soon to decrease float of available shares.
Supply and demand may push the price up for a nice short term trade...

Volty, Jim, and others:
What do you think about this strategy?

-Clappy

P.S. Anyone get the names of the other companies involved?

P.P.S. Has anyone heard if any companies are being added to the S&P 500?
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