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Look at the charts since last Wednesday...
Regards
DanG
calaxcorp@xxxxxxx wrote:
<font
face="arial,helvetica"><font lang="0" face="Georgia" family="SERIF"
ptsize="10" size="2">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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