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Technology Stocks : Applix is back in action
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To: Thomas A Watson who wrote (2804)8/30/1999 4:43:00 PM
From: Charles Tutt   of 3014
 
I heard a statistic on Bloomberg's morning TV show recently that surprised me. If I heard correctly, they said an estimated 15% of NASDAQ volume was generated by approximately 5,000 active daytraders. If that's the case (perhaps I got it wrong), then on a billion share day the 5,000 would trade on average about 30,000 shares apiece. It's understandable how an issue like APLX, if caught up in such a whirlwind, could trade the kind of volumes seen today.

JMHO.
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