Bullboard - Stock Discussion Forum iShares S&P/TSX Capped Consumer Staples Index ETF T.XST

Alternate Symbol(s): ISTIF

The investment objective of the Fund is to provide long term capital growth by replicating, to the extent possible, the performance of the S&P TSX Capped Consumer Staples Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly... see more

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iShares S&P/TSX Capped Consumer Staples Index ETF > 1,000,000 Shares !!!!!!!!!!!!!!!!

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Post by Lucky_Geer on Feb 01, 2000 7:49pm

1,000,000 Shares !!!!!!!!!!!!!!!!

When are the 1,000,000 shares supposed to hit the market? What do you think will happen when this occurs? Is the stock price continuing to rise because nobody is selling? Any info. would be appreciated.

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Comment by 123 on Feb 02, 2000 11:16am

I don't see where the 1 million free trading shares would have come from ? The only free trading shares are the ones issued at IPO -2 million shares to the public. The rest are issued to the insiders and directors. Shares issued for the major transaction vend in are also escrowed. All these escrowed shares are released 1/3 each year over three year period. The first batch to be released ...more

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Comment by schmigglie on Feb 07, 2000 11:13pm

I hear that XST is just around the corner from a move up in the market. I have been told that an announcement could come as early as next week. If this stock starts to move up in the next two weeks it could be a buy watch for some volume first!!! If the stock goes up on volume this should be an indication of things to come.

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iShares S&P/TSX Capped Consumer Staples Index ETF