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Non-Tech : Cendant Corporation (NYSE:CD)
CD 5.770+5.0%Feb 10 3:59 PM EST

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To: Doug Bean who wrote (1298)7/28/1998 8:25:00 PM
From: Dinesh  Read Replies (2) of 3627
 
Doug

ODD-LOT index is an old trick. The thinking goes - that
small investor is **always** wrong. So, when odd-lot buys
exceed odd-lot sales, the stock is supposedly doomed.

Problem is, the lot size has not kept pace with inflation.
So, the small investors who buy 100s and 200s don't get
counted in the odd-lot buy/sell totals.

So, the metric may still work, but we have an implementation
issue here. Do I care ?

--

Anyhow, CD is showing some life. Lets hope as part of celebration
and/or relief feeling, Silverman does not award himself some huge
number of options.

Regards
Dinesh
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