Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: speedbot who wrote (12028)	7/19/1999 8:38:00 AM
From: Kimberly Lee	Read Replies (1) of 108040

The 1.8M volume can also be very deceptive. We have to discount the double counting method Nasdaq uses to compute volume. Also, for a hot stock like FFIV, there are countless day traders scalping it in and out all day for small profit. I personnally know 3 of them who did more that 7 round trips in FFIV on Friday alone. 1000 shares x 3 x 14 = 42000. These 3 alone accounted for about 2.2% of the entire volume of Friday. Because of this kind of heavy churing, it's very hard to discern the real volume deriving from purposeful accumulation of shares.

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