SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: yyz_man who wrote (207833)12/16/2011 3:49:55 PM
From: stuffbug  Respond to of 313001
 
The fund has a market cap of about 2 Billion.

I don't know the initial weighting for Scorpio but let's just assume that it is 0.5 %. That means the fund must purchase $10 million of Scorpio shares (5 million shares)

Up until this week, average daily share volume was under 600,000.

Some of the others trade in the US and have much higher trading volumes.