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sentiment_stocks

06/28/14 12:18 PM

#14892 RE: Doktornolittle #14891

Dok - while I have little idea of how to answer your question (although I could call Schwab and maybe someone over there could walk me through it) - one thing we will know soon (Monday), is what institutions sold and bought.

What's I find interesting is that the day AF's article came out, the volume was 6.7 million. Then yesterday, the volume was 6.3. The last time we had that type of volume was March 10 and 11 - when the German news came out. I wonder if a few hedge funds snatched up the shares sold off on the MDA debacle, that they knew they'd turn around and sell a few days later at a higher price to those funds that have to have those shares for the Russell. Kind of a slowed down "Fast Trade" :)


I really don't know, just putting it out there. The answer to that may come Monday.
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laser777

06/28/14 12:54 PM

#14893 RE: Doktornolittle #14891

Talking to my broker, the answer he give is that the float is settled as of the close on Friday. This is why the huge volume at the close as float is balanced by the funds. They now have the required amount of shares for the Russell 3000. Remember, people buy and sell shares of that index daily. But, the buying and selling to get into the index is now over, IMBHO. (In my brokers humble opinion....LOLOL)