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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (13023)1/11/1998 4:31:00 PM
From: Richard J. Byrd  Read Replies (1) of 94695
 
jIM:
< I had no idea so much money could trade hands on only 30 stocks.
< and BTW the volume was not all so high..that's the shocker
< if GE could lose 2.44% of her value..but "only" traded
< .16% of her shares what would happen if she tried to trade
< as much as 10% of her shares like some companies do >
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How much "value" was lost is not dependent on the volume of shares traded. For example, if GE traded only one share and that was down 5% from the previous day, then we sould say that GE lost 5% of its market cap. The calculation is based on the presumed value of each outstanding share based on the value of the ones traded.

Dick
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