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To: D.J.Smyth who wrote (7508)10/31/1997 12:01:00 PM
From: Steven Angelil  Read Replies (1) | Respond to of 25960
 
If so many more people are buying, then why do they keep pushing the stock the other way? Wouldn't it be easier to move it in the direction of the most trades? Mucho perplexing.

Steve

p.s. Also, if your indicators are saying that there are more buyers, is it time we give the Nasdaq a jingle?



To: D.J.Smyth who wrote (7508)10/31/1997 12:40:00 PM
From: mauser96  Read Replies (2) | Respond to of 25960
 
How can there be more buying than selling? This is an oxymoron. Every share sold has a buyer. To oversimplify, a stock goes up when the urgency of buyers is more than the urgency of sellers. What counts is the amount of money flowing, not the number of people. A single buyer for 10,000 shares is the same as 10 for 1000 shares, and the price goes up if the buyer wants to buy the shares now, but the sellers are reluctant to sell at previous lower prices. Raising prices makes sellers less reluctant.