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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Eric P who wrote (5301)	11/10/1999 8:12:00 AM
From: TheKelster	Read Replies (1) \| Respond to of 18137

Whence it came, Where it went. Just some early morning musings. CHTR waltzed onto the scene yesterday. The entire Nazdaq had 4,748 total issues trading yesterday. My calculator says one share out of 4728 shares is 0.0209%. Just over 2 hundredths of a percent of the available companies. Yet it traded about 115 million shares. Yahoo says total Naz volume was 1,471,742,848. A quick calculation says CHTR traded 7.8139% of the total volume. Now assuming the numbers and calculations are somewhere in the general ball park, (they feel about right, how's that for vigorous scientific analysis <gg>.) would that not account for the downward actions of many a otherwise fine stock? I can't believe that much new money came into the market out of the blue just to chase one stock. Rather I would guess many a trader/investor dumped some major positions into the morning pop in order to raise cash for the excitement ahead. That would account for the trigger mechanism which caused the overall slide. If a lot of positions were liquidated and run into one new stock the Indexes themselves would be negatively impacted as many normally well traded stocks were dumped. Assuming any validity to this pre-coffee <gg> concept, What does that indicate might happen when UPS comes to market with 10 billion shares? Hmmmmmmm. Watch your hole card. KK <gg> perhaps I should have had that coffee first.