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Harken Energy Corporation (HEC) Message Board

  • mikiedog mikiedog Jul 3, 2000 2:17 PM Flag

    dhrosier...

    been a player for a long time...bought back in
    early '96 around the $2 range and sold in mid '97 in
    the $5 range. In and out many times in the $5 range.
    Now I hold a pretty large position with an average
    price of $2. Willing to wait and see if they can pull
    themselves out of the drain.

    Just started following
    the Russell index additions/deletions...prices of
    stocks being added and deleted are all over the board,
    not necessarily in the direction you might expect.

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    • I suspect there are some who have some ideas of
      which stocks will be added and dropped. It is probably
      not worth speculating how they know. Whether it is
      intuition or otherwise, it would be interesting to look at
      some charts of the price movements between the
      announcement of the change to the index to, say, a week after
      the change is made, and contrast that pattern to the
      pattern for a month or so before the announcement is made
      public.