JMBA is joining the Russell 3000 at the close of the market June 22 (next Friday). Any guesses at the amount of shares to be bought? Do you think that we're talking about several million shares? How can this activity NOT push up the market price next week!?
Ah yes, a drift in a turbulent sea again. Just riding the pps waves up and down until something comes along again. I am getting out my rod and reel and looking for buying opportunities again. : )
I have another stock that was added to the Russell and it didn't seem to have a noticeable immediate impact on the share price. That doesn't mean it won't happen here but I'm not expecting it. Still great to be on the list!
I do not think that the shares have actually been purchased by Russell yet (this list that they released was only preliminary...although there is generally very little change from their preliminary and final list) so we should not see any greater demand because of it yet...unless there are people who are getting in to front-run the Russell purchase. The Russell demand should come later this month.
traderflaunt: what was the other stock that you had that was added? was this last year?