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Technology Stocks : JDS Uniphase (JDSU)
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To: TRIIBoy who wrote (11886)7/26/2000 7:15:20 AM
From: t2  Read Replies (1) of 24042
 
Most index funds are strict disciplinarians towards the rules and buy at the close

Then we have some big buy orders at the close. That could mean all this talk of index fund managers already being done does not make much sense. I still think some index funds do manage their buying but the smaller ones (which probably do most of the buying when combined) will probably do it at the close. It is not their job to try to find a buying opportunity as that would be "managing" and they don't charge enough of a management fee do that. Just imagine those that waited a few days after BRCM's addition finish their purchases--now that was a bad idea.

I am going to look for any sign of weakness to buy back most of my trading shares that I had sold a while ago. I got some of them back under 126 afterhours---that was a bargain.

However,
I would think the same thing but there might be some that make exceptions for certain cases where there is a large market cap stock being added. Maybe some of the larger index funds don't add all at once.
In any case it should not really matter as we may have a lot of shorts getting into this.

I am glad that there are stories about how JDSU could drop at the close. That would have taken the concerned (aka weak hands) out of JDSU. That can only be a good thing for the stock. If everyone thought it would keep going higher, then the risk of a drop would have been higher, IMHO.

Just some random thoughts.
good luck.
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