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Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?

To: The Philosopher who wrote (2565)	6/9/1998 9:24:00 PM
From: Investor2	Respond to of 5944

RE: "However, Russell doesn't say what the market cap cutoff is for the 1000." I haven't studied their home page in a while, but I'd guess that the market cap cutoff depends on the overall market valuation. If all of the companies increase in market cap, due to a huge bull rally like we've seen over the last year, then the cutoff (i.e., the market cap of the 1,000th largest company) is likely to go up as well. Re: "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." My guess is that the impact of being dropped from the Russell 1000 into the Russell 2000 is much less than the impact of being dropped from the S&P 500. In fact, as far as index funds go, I don't know if the Russell 2000 has a smaller or larger ownership base than the 1000. Was ADPT in the S&P 500? Best wishes, I2 P.S. I guess not: proinvestor.com