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To: w molloy who wrote (1621)1/29/2000 10:21:00 PM
From: jmac  Respond to of 35685
 
The reason for the hecticness was that the funds had to balance by the end of business on Friday. CNXT is in the S&P500 as of Monday morn. yes, the news came out the day before. But, Friday was the last day to purchase prior to the rebalancing. So, I can see why late afternoon and after-hours was hectic. That's all that was happening.



To: w molloy who wrote (1621)1/30/2000
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
on CNXT: swap from MidCap mutual funds to S&P funds?

I remember in July (when dorked by superfluous Q shares)
we all saw the MidCap funds exit
we all awaited the S&P funds arrival
they never showed up
they were treated to a backroom deal, screwing investors
at least some shorterm invstors, esp option holders

my guess is some deals were cut between big funds
they would exchange some large positions perhaps
wouldnt it have the appearance you described?
maybe some personal relationships among fund managers?

thanks for not rubbing my nose in it on Thurs/Friday
best to you, Jim