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Re: mlsoft post# 20538

Thursday, 08/29/2002 1:12:59 PM

Thursday, August 29, 2002 1:12:59 PM

Post# of 704049
Mlsoft - VTSS

At the risk of being picky, the selling of VTSS came before S&P announced it was being removed. I think that a lot of people (myself, for one) shorted it in anticipation of its being removed.

After the announcement, it took a very brief dip, then actually closed higher on the day it was removed. This is unusual, as was the massive institutional buying between the announcement and the removal. I took that as an indication of unusual strength, and thus decided on my VTSS/SMH "arbitrage" play.


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