re: Ann: ZSP: SandP Indices Announces Decembe...
I posted this earlier today.
The report I read suggested we should see 2-3 weeks of passive buying (from index linked funds). If short term traders that bought in anticipation of this are out in 1-2 days, then we should see at least the top of the channel at 3.88-3.95 in the next few days, and possibly much higher if not enough new sellers emerge to match the buyers.
The unknown is how much of that volume buying recently was hedge funds buying short term to sell to the index funds after inclusion.
SLR Price at posting:
$3.73 Sentiment: Buy Disclosure: Held