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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (6788)	3/20/2005 5:30:36 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 8752

I wish I had realized that the reweighting of the SPX was taking place. This was a very special, one time, reweighting. It required that large cap stocks would be sold and small caps bought. The one item that I am still wondering about is the stocks that are being held for SPY. If I understand it correctly, stocks of the S&P500 are being held by the exchange that issues the ETF. They have to hold the stock. Now they are required to shift their holdings. The question is: has the shift in holdings already taken place or will that happen on Monday? Monday could be a very very bad day. That would be a whole lot of MSFT, INTC and several other large cap stocks all looking for a new home all at the same time.