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Could they be covering shorts and then getting
short?
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----- Original Message -----
<DIV
>From:
<A title=calaxcorp@xxxxxxx
href="">calaxcorp@xxxxxxx
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, April 07, 2004 12:42
AM
Subject: [RT] Stock changes in Dow
30
<FONT lang=0 face=Georgia size=2
FAMILY="SERIF" PTSIZE="10">If I remember correctly, these 3 stocks will be
dropped from the DOW 30 tomorrow (4/8/04): EK, IP and T.And these 3
will be added: AIG, PFE and VZ.Normally one would expect the stock
prices of the stocks being added to an index to go up since the announcement,
and those being dropped to go down. Today's price actions were just the
opposite. The closing prices for AIG, PFE and VZ were all lower than
yesterday's closing prices; and EK, IP and T all closed higher than
yesterday.Strange. Any explanation?Thanks.
Bill
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