NetSol Technologies Set to Join Russell Microcap Index
Friday is almost here.
This is guaranteed purchasing by funds and it is coming.
What do you suppose will happen when funds want to buy shares and there are only 7 million in the float?
You figure it out.
CALABASAS, Calif., June 18, 2013 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc . (Nasdaq:NTWK), a worldwide provider of global IT and enterprise application solutions, is set to join the Russell Microcap® Index at close of the U.S. stock markets on June 28,
"We are pleased to rejoin the Russell index, further demonstrating the continued successful execution of our global growth strategy," said Najeeb Ghauri, CEO of NetSol. "The Russell indexes are widely followed within the investment community, and we believe our inclusion may bring greater visibility and potentially result in a broader stockholder base."
Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000® Index and Russell Microcap Index. Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes.
did you learn your lesson? do you really think "the market" isn't efficient enough to realize an opportunity IF there is one? there was no extra buying on the Russell Microcap Index news. i will say the fundamentals are strong, but that doesn't mean you will see it reflected in the stock price by tomorrow.
Thanks...just filled my order and will hold 2000 shares for at least a 50% upswing before i think of selling. I think 10 or under is a buy for a very nice return within a year or maybe less. GL longs..bashers get a friggin life already.