Volume charts as of 12/17/99 ...
Way to go Curtis, btw ...
A bit late, but here they are:
members.home.net
According to my "unofficial" numbers, the NYSE+NASDAQ volume on Friday (2,916,465,398) was the largest ever !
In trying to understand why the volume trend is not yet being reflected in this stock, I can think of several reasons:
1- TBFC merger uncertainty
2- Arbitrage positions around merger (short EGRP + long TBFC)
3- Missing indicators on account growth (did the current quarter investments/giveaways payoff ? Did we already hit 2M accounts ?)
4- SCH November numbers very good, but not earth shattering (although I strongly believe that is very good news for EGRP -< gaining market share)
5- New SEC margin rules on $25K minimums (although I don't understand why the press hasn't focused on the move to a 4:1 ratio from 2:1 which is actually very, very good news -< more trading potential for margin players)
6- New players (AMEX, Fidelity, ML), never good, always generates noise.
I am REALLY hoping the Shareholder Meeting on Tuesday will shed some light on some of these issues.
Ramon. |
