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Non-Tech : Cendant Corporation (NYSE:CD)
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To: Jay Larrabee who wrote (2975)2/3/1999 1:20:00 PM
From: Benkea  Read Replies (2) of 3627
 
"With Cendant trading on average 5-6 million shares per day during that period, I'd say there is plenty of other support out there."

How much of that 5 to 6 mil is buying vol? I would say MAYBE around 1/2. Thus, CD's 50 mil shares it bought is equal to around 20 trading days worth of buying if they were the ONLY buyers on those days. That is an entire months worth. You could figure that MAYBE 1/2 the buying vol was CD and that would give you TWO months worth of buying out of the last four. You don't think that sort of % of buying volume would lend considerable support to CD's stock price?
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