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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: blankmind who wrote (37273)3/3/1998 11:56:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 61433
 
i have never heard the dividing of the naz shares by 2.5 to determine the buy and sell
trades, care to elaborate?


I thought I had<G> The NASDAQ counts the shares coming from an individual to the market maker as volume. Let's say 1000 shares. The market maker sells these shares to another individual who is a buyer and that counts as 1000 shares So 1000 shares changed hands but the volume is 2000. The market makers do not get an even amount of volume orders. They trade shares among themselves typically without a spread which is why you will see some odd trade post price of x/64ths. These shares are also counted as volume and studies have shown it to be about 25% of the NASDAQ volume.

Did that help?

Glenn