SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : SOTA A Leader in NT Financial Applications Software
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jalali who wrote (2)6/28/1997 6:25:00 PM
From: Alan A. Hicks   of 21
 
I did some more checking on the deletion of SOTA from the Russell
2000 Index. Russell published on initial list of deletions and
additions on June 13. These became official after the close Friday,
June 27. The criteria is simply market capitalization. The Russell
2000 is that bottom 2000 of the Russell 3000 which are the 3000
largest capitalization companies publicly traded. If the
capitalization falls below those smallest of the Russell 2000,
a company is deleted, a strictly mechanical process. Russell does
this once per year as of May 31.

I do know that at least one index fund was selling shares last week
and volume has been higher than normal the last six days.

What was really fascinating was checking the performance on a number
of companies who were added or deleted. Since June 13th (when the
list was first published) through June 27, the average gain of the
stocks that I checked was 22 percent. The average loss of the
deleted companies was 24 percent. For those who want to check into
this furthur and see the full list, Russell has a
web site - russell.com.

Every stock I checked that was added went up. Every stock I checked
that was deleted went down. So this is definetly something to keep
track of. If SOTA's shares rise over the next year, they could be
put back on next year.

I plan to do some more checking next week on how many Russell 2000
index funds there are, how many shares were owned, and would they
would have finished selling as of June 27. It is creating a better
opportunity for those who may want to buy SOTA shares to participate
in the growth of NT application software over the next few years.
I do not think the price pressure last week was due to any problems
specfic to SOTA.

Jalali, I am new SI so I do not know what the "Profiles" are but would
be more than happy to second you for a Profile on SOTA and TMBS. Just
point me to where to look them up.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News