Replies to post #10942 on Naz News, Gappers and FLE''s

[downtimepg]

they were removed from S&P list yesterday, so now a bunch of funds have to sell

"S&P said earlier this week that Krispy Kreme, which had been the 399th ranked stock in the index, based on market capitalization, will be replaced by Cathay General Bancorp (CATY.O: Quote, Profile, Research) at the close of trading Thursday.

(b)Stocks that are removed from indexes may see heavier volume and weakness as fund mangers whose portfolios mirror the benchmarks must sell the shares.(/b)

[iconoclassic]

Hi Transat, KKD, here are a couple of other pieces of information to fit into the puzzle.

Hedgefunds? maybe. I don't claim to be an expert, but KKD has been known to go to alternative places for financing. Read this article.

http://yahoo.businessweek.com/magazine/content/05_44/b3957065.htm


ALSO FYI, last night, time and sales...2,375,000 block went thru at the bid at 16:06ET

[prosmith]

Phil, no one know.