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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (65856)5/11/2002 12:10:08 PM
From: Softechie  Read Replies (1) | Respond to of 99280
 
DJN 09:34 DJ Pakistan/Rocket/US Forces Bldg -4: Bldg In Hostile Area
DJN 09:17 DJ Pakistan/Rocket/US Forces Bldg -3: 2nd Firing At Bldg
DJN 09:10 DJ Pakistan/Rocket/US Forces Bldg -2: No One Hurt
DJN 09:08 *DJ Pakistan Official: Rocket Fired At US Forces Bldg;Misses
DJN 09:03 DJ Sinking Philippines Outrigger -2: Unknown Number Missing
DJN 08:39 *DJ Coast Guard:10 Dead In Sinking Of Philippines Outrigger
DJN 04:55 DJ Saudi Oil Min -2: In June, Will Look At Demand, Inventory
DJN 04:53 *DJ United Airlines Ground Workers Agree To Labor Contract
DJN 04:43 DJ Qatari Oil Min: Would Intervene Only With Oil Shortage
DJN 04:38 Saudi Oil Min:Oil Production Increase Unlikely 'Til June
DJN 04:23 *DJ Saudi Oil Min:Oil Production Increase Unlikely 'Til June
DJN 03:59 *DJ Qatari Oil Min: No Oil Shortage, Inventory Very Large
DJN 03:58 *DJ Qatari Oil Min: No Single Reason To Increase Production
DJN 03:57 *DJ Qatari Oil Min: $25 Bbl Price Fair To Consumer, Producer
DJN 05/10/2002 Colombia's Mar Exports $859.9 Million, Down 14% On Year
DJN 05/10/2002 DJ Colombia/Exports -2: Non-Traditional Exports Lead Slide
DJN 05/10/2002 *DJ Colombia's Mar Exports $859.9 Mln, Dn 14% On Year
DJN 05/10/2002 DJ Berkshire Hathaway Earnings -3: Underwriting Ops Improved
DJN 05/10/2002 Berkshire Hathaway's 1st-Quarter Net Income Rose 51%
DJN 05/10/2002 Berkshire Hathaway 1st Quarter Net $916 Million Versus $606 Million



To: LTK007 who wrote (65856)5/11/2002 12:48:40 PM
From: ChrisJP  Read Replies (1) | Respond to of 99280
 
I agree completely itsallover,

That's why I'm saying that stocks will probably become properly valued or undervalued due to lack of interest rather than due to a 1 day capitulation event. When I say lack of interest I mean stock prices will go nowhere for a year or 2 while earnings recover.

The sharp drop in dollar volume suggests to me that perhaps the public is already out of the market. I'd love to see one or two months where the NASDAQ trades between 1400 and 1600 with daily volume AT OR UNDER ONE BILLION SHARES.

Dollar volume is a great measurement cuz it can be used to compare current trading activity with past trading activity before so many of these stocks did several 2:1 or 3:2 stock splits.

So like accounting for stock splits, maybe the 1.7B share trading volume we see now is like 400M shares in 1997/1998 terms.

Regards,
Chris