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To: dvdw© who wrote (3307)6/24/2010 10:02:35 AM
From: dvdw©Respond to of 3821
 
Correction; In the post to which this is a reply, a quick explanation is in order...I said "For investors, Market prices are enough information, to convey feedback about valuation"

"Market Orders" should have been used, because we already know that in the absence of functioning supply & demand. Market prices are artifacts of prevailing systems intent, they contain no information about the value of the stock nor do they contain information about how owners of the actual shares think about the security.

The total volume derived from daily trading, summed and carried forward, is a message about the system, and not the stock......being priced.