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Technology Stocks : Brooks Automation
BRKS 96.22-0.5%Apr 14 3:59 PM EDT

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To: robert b furman who wrote (1097)1/6/2021 8:40:48 PM
From: robert b furman  Read Replies (1) of 1114
 
Tomorrow Brks gets a promotion.

They move to the mid cap index from the small cap index.

Why did the stock price drop after this promotion?

Not sure, I've been perplexed with out answers.

After the close today a huge block of brooks traded after hours.

Literally 9,851429 shares traded after the close today.

That's about 12% of total outstanding!

No doubt distributed to the index funds who paid the market maker a nice commission.

Sadly for the individual stock holder, he took a beating.

My bet is the beating the individual stock holders took this last week, will convert into a nice gain for the index funds as they now have had a good deal buying into the next winner that joins the mid cap index.

All shares transacted after hours, the day before brooks gets its promotion to the mid cap index.

My bet is the index gets a nice boost tomorrow. In particular BRKS.

Wouldn't it be nice to have been at the trough of the discount window tonight? A chair for the little guy in Wall Street does not exist - so Caveat emptor is the code above the door when you enter.

Not sure if you've ever been to the Mercantile Exchange in Chicago, but it literally says that above the door, where bidding in the pits happens.

OK so my wondering is over. Let's see just how good tonight's buy in after hours of 12% of the outstanding shares really was!

Some friends have sent me their analysis of BRKS's performance. There is a thought that BRKS may, might well could go parabolic like it did in 2000.

If it has a distribution top like it had in 2000, a measured target is 100 to 120.

BRKS's previous high was $91.88 in 2000.

Let's hope that we can reset that! <smile>

Bob
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