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Technology Stocks : NEXTEL

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To: Bernie Diamond who wrote (6097)5/12/1998 8:31:00 PM
From: Mark McLeod  Read Replies (1) of 10227
 
Bernie, both you and Ken state that todays upswing has little credibility because of the light volume. Why do you (or Ken) think that 2.6 million shares is light? The only reason the average volume is now 3 million + is because of the S&P motivated trades around the end of March, prior to that event the average volume was about 2.2 million shares. How many shares do you think are now out of the float due to the index funds? Please help me out here, I just don't get it.

Mark
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