Can anyone explain what this is all about in layman's terms? Is this merely a way for the shorts to reshuffle their positions between accounts to cover outstanding short positions (between accounts) & to prepare them for the next phase of onslaughts? This is what I found, but I don't understand the purpose: "A significant portion of the trading activity surrounding the re-balancing will occur on Friday, June 27, during the NASDAQ Closing Cross. The NASDAQ Official Closing Price (NOCP) will be used as the closing price for NASDAQ-listed stocks in the Russell Indexes. Just after 4:00 p.m., Eastern Time, on June 27, there may be an increase in individual company volumes. This occurs because the funds that track the Russell Indexes will adjust their holdings at the closing price on Friday. Since NASDAQ's Closing Cross determines the closing price for NASDAQ-listed securities, many funds will elect to send their re-balancing trades through the NASDAQ trading system for execution. During the 2007 annual reconstitution, approximately 678.5 million shares representing a record $11.7 billion were executed in the NASDAQ Closing Cross in a record 1.9 seconds across some 3,200 NASDAQ stocks."