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Pastimes : Ask Mohan about the Market
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To: Don S.Boller who wrote (10080)12/3/1997 8:04:00 PM
From: Raj  Read Replies (3) of 18056
 
Don,

Just to put the nasdaq traded volume in perspective:
According to the S&P data for COMS:

# of common outstanding shares = 34.59 million
Percentage held by institutions = 50

Today's traded volume was ~ 30 million...which means on the extreme either:

a) many of the same shares made a number of round trips
or
b) one out of every two outstanding shares traded.

.....the truth lies somewhere in between IMHO
Raj
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