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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.65+1.5%Dec 2 3:59 PM EST

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To: JGoren who wrote (36209)7/20/1999 7:58:00 PM
From: Scott Overholser  Read Replies (1) of 152472
 
>>NASDAQ counts a buy and a sell as 2 in the volume indicator<<

this is not an accurate generalization. it all depends on how the transaction takes place.

imagine that you are a retail investor. you want to buy qcom. you contact your broker who just happens to make a market in qcom. suppose your broker does not have any qcom inventory at the exact moment in time which you decide to purchase. your broker may join the bid, buy the stock, turn around and sell it to you at the offer. the trade prints twice - double volume. there are many ways this could turn out.

on the other hand, suppose you are the same retail investor. your broker is a direct order-entry firm and does not make markets. you want to purchase qcom - your broker uses selectnet and preferences a marketmaker that has been unloading. you get filled and there is only one print. volume is not double.

there are endless different combinations. some result in double volume. others do not.
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