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.
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.