NYSEAM:RVM - Post by User
Post by
STVPon Sep 19, 2012 5:32pm
420 Views
Post# 20387953
Expect Selling Pressure
Expect Selling Pressure Revett Minerals to be deleted from S&P/TSX SmallCap Index on Friday (Sept 21):
https://ca.finance.yahoo.com/news/p-dow-jones-indices-announces-211500680.html
Given that the stock needs to be out by end of Friday and how thin the bids are on this stock, we should see under $3 before end of Friday (there tends to be selling pressure into close on Fridays when a stock is getting removed from the index).