|The rebalancing of the NASDAQ 100 seemed to be pretty painful. I just listened to the ON24 audio report. Apparently, the rebalancing is a mechanical procedure in the sense that the 100 stocks are the top 100 companies as measured by market value. If a company falls out of the top 100 due to stock price erosion, they are out of the index. What is left unsaid here is that if ARBA's stock price goes back up, the company could rejoin the index.|
Parenthetically, ARBA seems to be putting out some good news with the results of their latest product. Also the news just released by IBM about a partnership is certainly good news. There still seems to be hope that ARBA is going to make a comeback on a fundamental basis.