Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: LTK007 who wrote (65856)	5/11/2002 12:48:40 PM
From: ChrisJP	Read Replies (1) of 99280

I agree completely itsallover, That's why I'm saying that stocks will probably become properly valued or undervalued due to lack of interest rather than due to a 1 day capitulation event. When I say lack of interest I mean stock prices will go nowhere for a year or 2 while earnings recover. The sharp drop in dollar volume suggests to me that perhaps the public is already out of the market. I'd love to see one or two months where the NASDAQ trades between 1400 and 1600 with daily volume AT OR UNDER ONE BILLION SHARES. Dollar volume is a great measurement cuz it can be used to compare current trading activity with past trading activity before so many of these stocks did several 2:1 or 3:2 stock splits. So like accounting for stock splits, maybe the 1.7B share trading volume we see now is like 400M shares in 1997/1998 terms. Regards, Chris

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