FYI!!
An employee, C. Gray, of the Russell 3000 in interested in hearing comments about the millions of shares that traded late on Friday, June 30th. There is an investigation that has started to try to determine just exactly how the traders depressed the stocks so that they could make millions of low ball trades in the stocks that joined the Russell 3000 in the last minutes of the trading day. Most stocks saw huge volumes in the last minutes at a very depressed price. Anyone who was hurt (is that not all of us?) by this manipulation are invited to write an email to this gentleman. I suggest that you let him know how much it cost you to watch your stock tank just so some other trader could trade at an orchestrated price. I plan to tell him what I saw, how much it hurt my position, and what I think about it.
Russell 3000 does not want stocks in the future to believe that being put on their list is a death nail in their stock price. It is supposed to be a good thing. If the word on the street is to avoid the Russell 3000, it will hurt Russell. Your comments might help Russell to put an end to this practice and might cause some restitution. Take the time to write him today.
The email address is: cgray at russell .com Use the at sign as is normal in email addresses.
