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Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (1873)	1/1/1999 9:24:00 PM
From: Mark[ox5]	Respond to of 5102

Yes? Not sure what you mean by the 12M volume esecurities. First of all NASDAQ double counts volume. That is: When I sell one share of stock and you buy that 1 stock of share, nasdaq counts that as 2 transactions and 2 shares. So u have to halve any nasdaq volume to get the true number of shares that "exchanged hands" Second, many shares could be traded 5 or 6 times in 1 day Look at NAVR chart for the past 6 weeks and its volume. It has 6.6M shares in its float. On 11/27 it traded 21M shares On 11/30 it traded 30M shares On 12/07 it traded 13M shares On 12/08 it traded 12M shares There you have an example of the entire float changing hands more than once on 4 different days. All it is, is daytraders trading amongst themselves. Or you can take the recent Skymall On 12/28 it traded 28M shares It's float is 2 M shares Crazy isn't it... Mark