No. of Recommendations: 5
An alternative hypothesis is that the number of MI investors was partially behind the rise over the past six weeks or so which in
turn precipitated the decision by Gabelli to cut his holdings since it no longer met his value criteria.
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I think this is more likely the correct scenario. If you think we dont have an affect on certain small cap stocks, then look at the LMS chart. Pay particular attention to the volume starting about the beginning of July, which is about when LMS entered the rankings. There is a definate volume spike every Friday and a smaller spike every Monday. Ive also noticed the volume takes off every Friday at about 12:30 Central time. Which is about when the rankings come out.
Utrecht
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