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To: Mr. Jens Tingleff who wrote (157)6/29/1998 8:01:00 AM
From: MeDroogies  Read Replies (1) | Respond to of 618
 
I used to believe that the volume was actually the # of shares traded, until I watched a stock that had a particularly small float. Its shares traded in their entirety in one day, and there was heavy buying. The price barely budged. It went up...but not considerably. Now, if the MMs were shorting it, then they would have been willing let the price climb more. I checked into it a bit and found that trades are sometimes double counted by the MMs. I'm not sure of the procedure or the technical nature of how it is done, but it became pretty apparent that there was more at work here. Primarily, that the # of shares traded wasn't close to the float. I can't remember the stock, as it was about 8 months ago when I watched it...I know they hadn't issued more shares...