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Gold/Mining/Energy : Solv Ex (SOLVD)

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To: WTMHouston who wrote (3181)	5/31/1997 6:54:00 AM
From: Iceberg	of 6735

>The actual number of shares traded will be 1/2 of the total volume since NASDAQ counts each buy and sale as two shares. I don't understand why, though, short sales have a disproportionate impact on volume. It is still one sale and one buy even if the sale is with borrowed shares. Troy, I'm confused by your paragraph. How can the actual number of shares traded be 1/2 of the total volume, if volume is by definition, the number of shares traded? I've never heard that NASDAQ volume is measured the way you describe. Does the NASDAQ report volume any differently than the other major exchnages? I also don't understand how short sales can have a disproportionate impact on volume. Again because volume is simply the number of shares traded. So disproportionate with respect to what? I'd appreciate any clarification you might be able to provide on theses points. Thanks. Ice

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