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Technology Stocks : SYQUEST
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To: Dale Stempson who wrote (3957)9/24/1997 4:13:00 PM
From: RagTimeBand   of 7685
 
Dale

I mentioned the Nasdaq double counting situation to a friend. My friend asked his broker (Everen Securities) and got a little different story.

The broker asked some questions at Everen and was told:
If a market maker buys 100 shares of stock from an individual and then sells those 100 shares to another individual, on the same day , the shares are not double counted. It's recorded as 100 shares.

Continuing to pursue the story.

Regards - Emory
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