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Technology Stocks : PSFT - 1997 Outlook [closed thread] -- Ignore unavailable to you. Want to Upgrade?


To: Webbster who wrote (534)11/12/1997 12:23:00 PM
From: Raptor  Respond to of 940
 
Webbster ... Paul may well have statistics at hand on volume ...

I know I do at home in spreadsheets that would give a trend. My feeling is that generally the volume did double up since last year. This is easily checked of course, but I think volumes were often mid to perhaps high 6-figures last year and this year we see low to mid- 1 millions of shares most days. Seems in line to me. Look for volumes of 2.5 million after split.



To: Webbster who wrote (534)11/12/1997 1:22:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 940
 
Webbster, my guess is that volume would probably double, although the rationale behind a split is to lower the price of the stock and make it more attractive to the retail buyer - thus increasing the volume to greater than double. My guess is that stock splits are more a matter of tradition than practicality. For example, IBM traditionally kept it's stock price over $200, while TYC kept its price in the $30-$70 range. Go figure ...

Regards,

Paul