Dragon Index for KNDI is another pump garbage-it was booted out of this index 3mths ago and had no share price effect
Kandi was kicked out of the Dragon index 3 months ago on March 11th 2013, and for weeks afterwards the shares hardly moved. So going back in the index this month should have an equally negligible influence except for the garbage pump stories that go with it.
Longwei Petroleum was also in the Dragon index, and so was Suntech Power-they were also later kicked out AFTER their shares collapsed, so being in it is not a sign of legitimacy or safety.
No it means that these investment vehicles have negligible share price effect when the stock goes in or out of the index-its only a small amount of shares. The only movement will be due to the continuing pump job in advance of a big dilutive share issue.