June 26th Review
7:31 PM Posted by MH
Positions traded for a lose : none
Holding positions : MPG / VG / NWD / FTK / GNVC / KFN / MGM / CRXX / NXXI / ACLS / ONSM / PDO / XOMA
Added VG at .39 and going to sell high .40s hopefully.
The Dow capped another down week with a loss Friday as investors shrugged off a surge in consumer sentiment and instead focused on the fact that consumers are squirreling away their money at a feverish pace. But techs gained after encouraging earnings from Palm.
The Dow Jones Industrial Average lost 34.01, or 0.4 percent, to close at 8,438.39. The S&P 500 fell 0.2 percent, while the tech-heavy Nasdaq gained 0.5 percent.
Funds dumping due to Russell 3000 delisting. Nothing fundamentally different about the company. (VG, ACLS, XOMA, SIRI and many others)
http://www.russell.com/indexes/membership/Reconstitution/Reconstitution_changes.aspx
Don't worry guys, it will recover soon, they are just re-blancing.
오늘은 시간이 없어서, 다들 좋은 주말 보내시고 주말에 다시 글 올리겠습니다.
June 26, 2009 at 8:01 PM
Russell Reconstitution = Free Money
Its getting tamer but still lots to be made. My opinion is the index funds that track the Russell try to buy and sell as close to this day as possible to minimize tracking error. However there are the stocks that are illiquid that may have a lot of shares that need to be bought or sold. As an example a stock does 5000 shares a day on average and its being deleted from the Russell 2k so there is a net share to trade of -2,500,00 shares. They may try to start selling this stock earlier by a week or so but not a lot earlier. When you look at the past few months prior to the re balance and see that this particular stock has been doing more than average volume and trending down, chances are this is hedge funds and day traders driving it with the anticipation. Thats what we do anyway and it works well.
June 26, 2009 at 10:10 PM
좋은 주말, 행복한 주말 되세요.!
June 26, 2009 at 10:11 PM
암호화 없이 등록이 되나요.? =)
June 26, 2009 at 10:12 PM
네 귀찮은거 같아서 없애 버렸습니다.
June 27, 2009 at 1:16 AM
완전 변하네요.
자주와서 써야지 ㅋㅋ
June 27, 2009 at 7:48 AM
담주엔 좀 올랐으면..
수고 하셨어요.
마벨