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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (309)	12/28/1998 8:38:00 PM
From: accountclosed	Read Replies (2) \| Respond to of 3543

I don't think that that is the case even remotely. If you live in a subdivision with 200 houses selling for 100,000. And one house sells for 150,000 upping the comparables for appraisal, that doesn't mean that 10,000,000.00 flowed into the subdivision that day. Or take it another way. Let's say that amzn trades zero shares for the day, and at the close you sell me one share for 1000. 1000 flowed into the stock that day, and 1000 was withdrawn. But the tape would say that the last price was 1000. By Charles' line of reasoning since there are 52.8 million shares of amzn outstanding and we upped the price by say 650, he would say that 34 billion flowed into the stock. All that happened was that, on the margin, a sale of 1 share took place at the higher price.