*S&P TO ANNOUNCE WHICH CO. TESLA WILL REPLACE ON DEC 11
@JBRR You are such a life saver.
Which one of my daughters/sons do you want?
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*S&P TO ANNOUNCE WHICH CO. TESLA WILL REPLACE ON DEC 11
Would we have any clues that they already have started? I assume the investment firms would be buying with free cash then selling them to own funds on the 18th. Otherwise the funds would have assets not part of the portfolio.The have until Dec 18th to complete their buying. Dec 18th could be a nothing-burger if the index funds have bought up all the shares they needed to. But if some of them wait to try and get a lower price until the last min.......Dec 18th could be incredibly volatile.
So still not clear on just how this will work. So do funds start buying now or on December 18th?
"Float-adjusted weight"
Does this mean the calculated value will be based on the number of shares excluding Elon's, rather than the full market cap of the company?
Happy happy - I think.
Bought 15x 12/18 $950 today- maybe they will pop ITM before expiry.. never know. :-D
Yes. It has always been this way for S&P."Float-adjusted weight"
Does this mean the calculated value will be based on the number of shares excluding Elon's, rather than the full market cap of the company?
So still not clear on just how this will work. So do funds start buying now or on December 18th?
Glad I got a bunch of shares on Cyber Monday sale today! I also don’t have to explain to wifey why I bought a bunch more TSLA lol Here we goooo!
who else just blocked PTO on their work calendars 12/18 - am pretty certain I'm not getting any work done that day
Furthermore, why would an index fund buy early? Their purpose is to simply track the index, not beat it. They should be agnostic to the share price, and could be placing their jobs in jeopardy by purchasing outside the days surrounding the inclusion date.
Lets not forget short covering. That plus retail and daytrader speculation plus longs completely unwilling to sell gets us here easily. I expect we'll see $650 before any real inclusion buying happens, perhaps more.In other words, I think all of this run-up can be attributed to speculators, benchmarked funds, and others hoping to dump shares to index funds at as high of a price as possible.
I had a limit order in for those all day; and 15 mins before close, they filled.
Sure am glad they did. Now lets make them ITM. Go TSLA go!