strange close, page-4

I'm guessing the announcement on March 2 'SandP Indices Announces March Quarterly Rebalance' explains today's close (and confirms the general weakness over the past two weeks).

Basically this looks to me like forced selling by index funds.

If you check out other stocks on this list (such as CNX) the same process has occurred to them today.

A very interesting process. A good buying opportunity by my reckoning.

With this index fund overhang removed, perhaps we might see some appreciation in the share price over the next week or two. Especially when we factor in the one or two announcements which are well overdue!

The market still seems to be digesting the extra volumes from the rights issue.

With the index funds out and the share price at rock bottom - probably the most likely time for a potential t/o approach. Pure speculation, but you'd have to assume that a few suiters would have their rulers out!

Gus