Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (3424)	7/27/1998 11:03:00 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 13953

Peter, the SI is always measured as of the 15th of the month (unless on a weekend, of course). Since it always takes Nasdaq 8-12 days after that date to report the figures, I always assumed it included trading through that date. If you are suggesting that it only includes trades settled by the 15th, the trade date would be the 10th in this case, but I doubt that as I can't think of anything else other than dividend record dates vs. ex-div dates where the settlement date even matters. It doesn't even matter for taxes any more. Of course, nothing in the Barron's tables clarifies this. I have a hard time believing that the SI would have dropped 41% before the announcement anyway, especially since the stock had not moved that much. The amount covered was more than two day's trading - that should have moved the stock more. There also didn't seem to be unusual options activity that week. For the SI to drop that much by the 10th as you suggest, there would have had to be a leak, in which case there would have been big call buying too. The covering occurred from July 13-15, IMHO. Bob