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Technology Stocks : Apple Inc.
AAPL 270.82-1.0%3:59 PM EST
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To: J R KARY who wrote (12718)5/5/1998 6:02:00 PM
From: Alomex  Read Replies (1) of 213177
 

Scott doesn't the NASDQ count buy/sell as two shares ?

I knew somebody would come up with this mathematically illiterate argument (nothing personal, forward all complaints to your high-school teacher). This is the equivalent of thinking that things are cheaper in the UK because the number printed in the price tags (in pounds) is smaller than the number at your local K-mart.

You see, while it is true that NASDAQ double counts, it double counts equally every day. We are simply using two for one units.

So if you adjust the 85 million shares traded over $25 to 42.5 million shares, we must also adjust the 3.7 million shares traded today to 1.85 million.

And the resistance level, as expressed in trading days, is the same.
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