Nothing moved. This is the opening book.

August 21 close. That day's photograph. Each name had to clear composite 80 and moat 70. From the ones that did, we took the top 25 by that day's live composite. No name over 10% of the book.

After that, price only marks how the race is going. It does not hire or fire. Nothing had tripped yet. These twenty-five cleared the floors on that tape — not a forecast of who would win.