MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: getanewlife who wrote (12632)	6/9/2002 3:23:32 PM
From: Dan Duchardt	Read Replies (1) of 19219

From J.T. now have amassed 777,844 Million Shares bought and buried 14 out of the last 15 reporting weeks since Feb 15 with two week lag delay. From Zeev's comments: the institutions have been buying loads of puts on the indices, possibly sufficient insurance against that net 770 MM shares in their inventory (not even a day trading on the NYSE) Where is that decimal point anyway?? Zeev is apparently talking about 770 million (MM always seems ambiguous to me, since M is itself often used for million) based on his comparison to a day of trading. That is a far cry from the approximately 778 Billion shares J.T. stated. Or is it a difference of convention? I believe some societies use "," and "." the opposite of how they are used in the U.S. According to my data service, the 15 week average share price traded on the NYSE as of 2 weeks ago was right around $28.30. 778 Billion shares valued at an average $28.30 would be about $22 Trillion. I'm guessing that is in excess of the market capitalization of the NYSE, so we are likely talking about 778 Million shares and $22 Billion, still not a paltry sum. Dan

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