Here are daily NASD/OTC volumes for NITE (from AutEx), and averages for each week
(the first week picks up the prior Friday):
Day Volume % Average for Week
10/01 156,266,000 13.5
10/04 146,968,000 13.9
10/05 181,085,000 13.3
10/06 193,719,000 14.4
10/07 192,368,000 13.9
10/08 162,138,000 14.0 172,090,000
10/11 159,814,000 15.5
10/12 174,977,000 15.1
10/13 167,580,000 14.3
10/14 169,858,000 14.5
10/15 186,049,000 15.7 171,656,000
10/18 157,493,000 14.0
10/19 172,951,000 14.0
10/20 171,235,000 14.1
10/21 213,002,000 15.8
10/22 206,887,000 15.9 184,313,000
10/25 187,252,000 16.7
10/26 187,741,000 15.4
10/27 190,378,000 15.3
10/28 208,814,000 14.6 193,546,000
Despite the high total volume today, it seems to have been a
big-cap stock day, not a small-cap stock day, so the true
profits for NITE would not be as strong as might otherwise
be suggested.
I say this for several reasons:
1. NITE's market share declined today, which it does when
small caps are less in vogue.
2. NITE only made a market in 3,900 stocks today. Ordinarily,
NITE makes a market in about 4,400 different stocks. Trading,
then, was more concentrated today in the bigger issues with
less profitable spreads.
Gary Korn |
