Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (82474)	6/20/2002 9:18:54 PM
From: public_heel	Read Replies (1) of 99280

Ze'ev... did you notice that RDRT is being removed from the S&P 600? They announced it this afternoon, but the removal will not be until next Friday. I believe I remember you mentioning it as a possible long position, so I thought you might be interested. On average, removals from the S&P 600 drop about 20% from the announcement to the actual removal, although, given the six-trading-day lag in this case, the overall market climate may have a greater effect. However, the time to go long, if you want to, would be at the point of removal (close of trading on the 28th). These guys have a strong balance sheet, but their last quarter was awful. Did they end up with screwy numbers because of the Scion sale?

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