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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Techie who wrote (47202)	6/11/1998 1:44:00 PM
From: Chuzzlewit	Respond to of 176387

If you believe in conspiracy theories you will be very lonely. I have no idea why Scwab, nor do I care. Dell has around 660MM shares outstanding. Approximately 1% of those change hands daily. TTFN, CTC

To: Techie who wrote (47202)	6/11/1998 1:53:00 PM
From: SecularBull	Read Replies (1) \| Respond to of 176387

Appears to be retail trading to me. LoD

To: Techie who wrote (47202)	6/11/1998 1:56:00 PM
From: Geoff Nunn	Respond to of 176387

Techie, One thing to bear in mind is that stock prices are determined not only by actual traders but others. These are the onlookers who could trade but who choose not to. Some are institutions who own the stock but who choose not to sell because they don't think it's overpriced. Other institutions, looking to buy, hold off because they don't believe the stock is underpriced. By their actions or inactions, these "outsiders" help set the price. They add to the "consensus" I mentioned earlier. (I don't think you were listing). The data you cite comparing block vs. non-trades don't obviate the point that institutions set the price of widely held stocks like Dell. Moreover, many of the trades in your data are liquidity motivated. This refers to buyers who either have too much cash in their portfolio or too little. They don't necessarily think the stock is mis-priced, they're trading merely because they have an undesired amount of cash. Often, these are small investors whose buying and selling tends to be offsetting. Lots of trades perhaps, but little movement in the price.