- For anyone interested, I plan to continue monitoring First United (FUNC) this month. It is getting added to the R2K index and indexers will buy about four months of daily volume by the end of next week.
- So far, they are behind. Based on the historical volume and price over this past year and this past week, it will be difficult for indexers to accumulate their position without moving the stock price much further.
- Out of all of the R2K (IWM), this is the one most impacted by its addition to the index. Index funds provide stable, long-term capital that will increase its market cap and attract sell side coverage in the weeks ahead.
- I am working on a number of bank stocks for investment purposes as well as to write up on StW. This one is the top priority for any basket of safe, cheap bank stocks with catalysts to unlock its considerable value.
Disclosure: I am/we are long FUNC.
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