wknecht Posted November 15, 2012 Share Posted November 15, 2012 Am I missing some news here? Link to comment Share on other sites More sharing options...
mhdousa Posted November 15, 2012 Share Posted November 15, 2012 Am I missing some news here? Was coming on here to ask the same question. Link to comment Share on other sites More sharing options...
LakesideB Posted November 15, 2012 Share Posted November 15, 2012 Its beeing kicked out of MSCI Index .. as it failed liquidity test by a small amount (10bps or so )... there couldn't have been a better opportunity to buy at under book (which i estimate at 370 after brick etc) christmas gift coming early ... Link to comment Share on other sites More sharing options...
Vizi1 Posted November 15, 2012 Share Posted November 15, 2012 I just called Fairfax and got sent to Investor relations mailbox. Link to comment Share on other sites More sharing options...
biaggio Posted November 15, 2012 Share Posted November 15, 2012 Its beeing kicked out of MSCI Index .. as it failed liquidity test by a small amount... there couldn't have been a better opportunity to buy at under book (which i estimate at 370 after brick etc) how did you find that out if that s the reason I agree it a good opportunity to buy Link to comment Share on other sites More sharing options...
interested Posted November 15, 2012 Share Posted November 15, 2012 MSCI announcement. http://www.msci.com/eqb/gimi/stdindex/MSCI_Nov12_STPublicList.pdf Precision Drilling seems to withstanding its deletion notice more easily. Link to comment Share on other sites More sharing options...
LakesideB Posted November 15, 2012 Share Posted November 15, 2012 Expected indexer flows for Addition/Deletions to the MSCI Canada Index Ticker Name Weighting Change - bps Index Demand / (Supply) x/ADV Add / Delete DOL DOLLARAMA 36.38 1,724,000 4.77x ADDITION FFH FAIRFAX FINANCIAL HLDGS -59.80 (488,000) 15.13x DELETION PD PRECISION DRILLING -13.41 (5,765,000) 1.47x DELETION Link to comment Share on other sites More sharing options...
LakesideB Posted November 15, 2012 Share Posted November 15, 2012 MSCI announcement. http://www.msci.com/eqb/gimi/stdindex/MSCI_Nov12_STPublicList.pdf Precision Drilling seems to withstanding its deletion notice more easily. Thats cause PD share supply is 1.47 ADV vs 15 ADV for fairfax Link to comment Share on other sites More sharing options...
FrankArabia Posted November 15, 2012 Share Posted November 15, 2012 not bad....i like this..... Link to comment Share on other sites More sharing options...
Buffett_Groupie Posted November 15, 2012 Share Posted November 15, 2012 Merry Christmas and happy Easter! Link to comment Share on other sites More sharing options...
wknecht Posted November 15, 2012 Author Share Posted November 15, 2012 there couldn't have been a better opportunity to buy at under book (which i estimate at 370 after brick etc) christmas gift coming early ... Don't mind if I do... Link to comment Share on other sites More sharing options...
SI Posted November 15, 2012 Share Posted November 15, 2012 Lakeside, Thanks for the find - I am curious on the question previously posed. How did you know, does MSCI send out email alerts on these announcements? And how did you know it was for 10bps of liquidity? Thx. Link to comment Share on other sites More sharing options...
Santayana Posted November 15, 2012 Share Posted November 15, 2012 Wish I had been looking first thing this morning. Seems to be rebounding already, just picked some up at $355. Anyone add at the lows? Link to comment Share on other sites More sharing options...
petec Posted November 15, 2012 Share Posted November 15, 2012 I managed $345...amazing how annoying it is to have missed the lows ;) Link to comment Share on other sites More sharing options...
wknecht Posted November 15, 2012 Author Share Posted November 15, 2012 Wish I had been looking first thing this morning. Seems to be rebounding already, just picked some up at $355. Anyone add at the lows? I wonder if Fairfax got a little bit. Still not enough volume to buy back too much. Myself I have to preclear trades through my employer which is frustratingly slow. Link to comment Share on other sites More sharing options...
FrankArabia Posted November 15, 2012 Share Posted November 15, 2012 missed my price....damm...... Link to comment Share on other sites More sharing options...
JEast Posted November 15, 2012 Share Posted November 15, 2012 As Herman Munster used to say, 'Darn, Darn, Darn'. The west coast boys must just be waking up and pushing up the prices -- go back to sleep!! Cheers JEast Link to comment Share on other sites More sharing options...
biaggio Posted November 15, 2012 Share Posted November 15, 2012 picked some up at $341 + $346. Link to comment Share on other sites More sharing options...
eggbriar Posted November 15, 2012 Share Posted November 15, 2012 I got my best price on a small amount at $337.40 :D Link to comment Share on other sites More sharing options...
rkbabang Posted November 15, 2012 Share Posted November 15, 2012 Wish I had been looking first thing this morning. Seems to be rebounding already, just picked some up at $355. Anyone add at the lows? I bought FRFHF at $345.87 this morning. I only bought 50 shares because that is all the cash I had available in the account and I already have so much FRFHF already. My portfolio basically amounts to positions in 2 companies now. FRFHF and BAC (common, warrants & options). Other than that I only have a handful of 1-3% positions which is basically just my watch list. I've never been this concentrated before. Link to comment Share on other sites More sharing options...
LakesideB Posted November 15, 2012 Share Posted November 15, 2012 Lakeside, Thanks for the find - I am curious on the question previously posed. How did you know, does MSCI send out email alerts on these announcements? And how did you know it was for 10bps of liquidity? Thx. I have access to some mkt data that probably isn't easily available right away to public .... as i work in the equity mkt industry .. I will leave it at that for now ... Link to comment Share on other sites More sharing options...
Vinayd Posted November 15, 2012 Share Posted November 15, 2012 Thank you for this info! I was able to capitalize as well with a substantial buy this morning at $345 CDN (1000+ shares). The gain appears to be fading a bit, and wondering if has a chance to drop again, as the MSCI will officially re-balance on Nov. 30th. Just trying to get an understanding when the MSCI mirror funds actually sell, as opposed to trading desks front-running the eventual sales over the next 2 weeks. thanks again for this insite! Link to comment Share on other sites More sharing options...
fareastwarriors Posted November 15, 2012 Share Posted November 15, 2012 not enough cash to buy a sizable position :( Link to comment Share on other sites More sharing options...
rkbabang Posted November 15, 2012 Share Posted November 15, 2012 It's back down to $345 now. Link to comment Share on other sites More sharing options...
ECCO Posted November 15, 2012 Share Posted November 15, 2012 Is there a way to know, or does someone have the information about how many shares will have to be sold by funds because of that ajustment of msci? Link to comment Share on other sites More sharing options...
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