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Playing Footsie

ThompsonS

Playing Footsie

As dates in the diary go, Friday 18 March has more than a passing interest for me - and not just because it is Cheltenham Gold Cup day, the highlight of the National Hunt racing calendar for racing aficionados. This is also the date when changes to the constituents of the FTSE 100 become effective following the FTSE International's Quarterly Index Review. Over the years, a strategy of buying the laggards on the date they drop out of the blue-chip index, and holding them for three months has provided some very profitable short-term trading opportunities.

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