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To: Ken98 who wrote (209615)	12/14/2002 12:05:22 PM
From: Ken98	Respond to of 436258

<<Since Oct 31, 2001, the last time stocks were priced for inclusion in the Nasdaq 100 index, the companies being removed have fallen an average of 68.9 percent, with the worst performer, Charter Communications, down 90.9 percent. The index is off 26.3 percent over the period. The 15 stocks being added rose an average of 45.2 percent over that period, but such are the fortunes of many stocks in the Nasdaq 100 that a big rise was not needed. First Health Group is down 10 percent from its level at the end of October 2001, but is still being added to the index.>> <<The replacement of shares in the QQQ trusts must be made within three business days of the changes in the index. That will lead to substantial sales of the stocks being dropped, and to substantial purchases of shares being added.>> nytimes.com The timing is interesting in a couple of respects. First, why a different time (later) than last year? Second, by waiting so late the shares of some of the deleted companies will really be pounded when combined with likely tax-loss selling.