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Technology Stocks : Ascend Communications (ASND)
ASND 196.84-4.9%3:59 PM EST

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To: Darren who wrote (48484)6/9/1998 11:26:00 PM
From: Darren   of 61433
 
This was sent to me by a non-member who thinks the people in this thread might enjoy it -- don't kill the messenger (that's me).

Very cool asnd type play you might want to post to the asnd thread. I cannot, cause I am not a full paying si member.

Wednesday, June 10, 1998

How to play the Russell reshuffle

Rebalancing the popular Russell indexes usually
means price swings for the stocks involved - here's
what you should know before it happens

Second in a two-part report

By Michael Brush
moneydaily.com

Over the next three weeks, the prices of many small-cap
stocks may start bouncing around as they get added to or
deleted from popular indexes managed by Frank Russell
Company -- presenting what seems like a good investment
play.

Like clockwork each year, Frank Russell
reconfigures its well-known indexes - including the Russell
1000 and Russell 2000 - as stocks get too small to remain
or big enough to join them. Then, as index funds adjust
their portfolios to match the new Russell indexes, the
prices of stocks being added generally rise, while those
being taken out fall.

If only you knew ahead of time which stocks were going in
and out of the indexes, you could make a lot of money,
right? Well, you can find out ahead of time...

pathfinder.com.


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