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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: George Dawson who wrote (19926)	12/27/1998 9:17:00 PM
From: George Dawson	Respond to of 29386

Quick check on the ECN theory: Last month AMZN traded 109M shares and 22M were through ECNs or about 20.4% compared with the 0.6 - 6% (mean = 1.96%) for Ancor. George D.

To: George Dawson who wrote (19926)	12/27/1998 10:07:00 PM
From: Greg Hull	Read Replies (1) \| Respond to of 29386

George, <<I am trying to work on a model that might estimate how the converted shares hit the market place.>> Would it be useful to include a column for the number of common shares outstanding? I don't know that the data exist for each month, but I think I have the numbers collected from various SEC filings for many of the months. If you want to include them and don't have them at your fingertips just let me know. Greg

To: George Dawson who wrote (19926)	12/28/1998 2:23:00 AM
From: George Dawson	Read Replies (1) \| Respond to of 29386

More on ECN activity (Nasdaq Internet vs Nasdaq Blue Chips). I looked at the ECN issue as a percentage of trading volume on nasdaqtrader.com for EBAY, CSCO, MFST, and YHOO for the months of November, October, and Jan -> September (combined). Here are the results: EBAY YHOO CSCO MFST Nov 16.8 23 9.4 9.5 Oct 7.5 12 9.0 9.6 J->S 12.1 13.5 7.6 7.9 There appears to be a trend toward significantly more ECN activity in rapidly rising speculative stocks (as a per cent of total trading volume). As a reminder Ancor's number is about 2.5%, but it hit 6% in September and 4% in November. George D.