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Non-Tech : CAOL: The Chinese AOL and Internet Lottery

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To: JoeinIowa who wrote (420)6/3/1999 4:59:00 PM
From: Joe McInerney  Read Replies (2) of 720
 
JoeinIowa - the 166K buys listed are buys by the mm's from the general public. That means that there were 166k sells from people who owned the stock. The 236K sells were sells from the mm's to the general public. Meaning that there were 236K were people looking to buy the stock.

I know its very confusing, but when looking at time and sales reports you must flip the buys/sells around. They basically tell you what the market maker was doing - (buying = someone is selling them shares, selling = someone is buying the mm's shares). Hopefully this clears things up a little.

Joe
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