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Technology Stocks : Adaptec (ADPT)
ADPT 18.28-0.7%2:44 PM EST
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To: Investor2 who wrote (2563)6/9/1998 6:48:00 PM
From: The Philosopher  Read Replies (1) of 5944
 
Thanks for the cite. However, Russell doesn't say what the market cap cutoff is for the 1000. The question is, where will Adpt be on June 12, when they announce the reconstituted index? If still in the 1000, no effect. If it has moved out of the 1000 into the 2000, there may be a lot of program trading as the index funds rebalance their portfolios. The date for reconstitution is May 31, announced Jun 12. Give a price drop from 36 last May, we've cut the market cap to less than half what it was last year.
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