Thanks for the reply, Dr. Coz.
I'm still confused, however, and my main question still stands as you acknowledged, i.e. why the price rose.
<<The practice of showing double volume accounts for much more volume than actually traded. The 310,000 shows as 620,000 so that only leaves another 72,000 that actually traded.>>
True- this I know about, and actually the research shows that the figure is actually a little less than the double count. And of course it typically holds for Joe-retail transactions with market makers playing middle man; however, I don't believe huge block trades usually get the double count on a given day. I could easily be wrong, and any light that can be shed would be appreciated.
Thanks.
Puzzled,
Dr. Anaxagoras, MD, PhD, etc., etc. |
