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UBS believe that when then main ASX indices are rebalanced in March a number of stocks including AIF, GRY, SAR and BTU could be removed from the ASX 200. This could be an added explanation for the GRY SP tanking as investors lighten their holdings in anticipation. Vicious circle and bad timing it would seem. And when ASX indices are rebalanced, there is always indiscriminate buying and selling by some fund managers and index funds regardless of stocks "story".