Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,103
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Post by Dave on Jul 10, 2023 0:37:20 GMT -8
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Post by CdnPhoto on Jul 10, 2023 9:00:54 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,427
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Post by chinacat on Jul 10, 2023 9:22:46 GMT -8
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Jul 10, 2023 13:57:00 GMT -8
The Barrons article on the stock app has it slightly different, saying it will bring the total of all stocks with more than a 4.5% share down to 40% (instead of the above 38.5%). It says all nasdaq etf's are more than 300B. 6.7% of $300B is 20.1B. Split evenly for the 5 companies that is about $4B, vs roughly 11.25B that traded today. So it could be sizable, around a third of the average volume. In the past these big changes have worried people but not made too big of a change at a specific moment. There are 3 weeks time between the pricing date (july 3rd) and the effective date (24th), with details set to come out on the 14th. I'd bet the big ETFs are already making the changes or buying/selling options to make the changes, though at the same time the ETFs tend to be tied to big houses that can absorb these changes, so it might just be an internal transfer. We'll see how it goes. This is one of those wall of worry things, though in the long run it doesn't tend to make a lasting change. But it might give a buying opportunity, depending on how it plays out.
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