lowest support ever ?????, page-8

index i am hearing that 1 million shares per day average is sufficient for index membership weighting of 100% for TTS. TTS has comfortably exceeded this so far, although you are right that this is trending down.

Question is whether Standard & Poor's take the view that liquidity is unlikely to be sustained medium term and therefore choose not to include yet, preferring to take a "wait and see" approach on liquidity. HOWEVER, if it does get index membership, I am told that this will trigger demand for 110 million (I think shares, could be dollars), which would drive it back up pretty quickly as stock is scarce.

Concern over index membership has seen me recently exit my short on TTS - but will put in place again once index membership is clarified and hopefully at a higher price.

This promises to be one of the lowest risk plays of my life.