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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (83234)6/21/2002 5:27:57 PM
From: J L Segal  Read Replies (1) of 99280
 
I believe RDRT is also being hit unusually hard due to the fact that it is being removed from the S&P SmallCap 600, effective next Friday, June 28th.
Funds are selling the stocks that are being removed (also explains RDRT's recent heavy volume),
and buying their replacements. Add to that, quarterly window dressing .
The selling should abate towards the end of next week.
RDRT might be a good 1 - 2 week play just for this rebalancing event.
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