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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: Jay Larrabee who wrote (2975)	2/3/1999 1:20:00 PM
From: Benkea	Read Replies (2) \| Respond to of 3627

"With Cendant trading on average 5-6 million shares per day during that period, I'd say there is plenty of other support out there." How much of that 5 to 6 mil is buying vol? I would say MAYBE around 1/2. Thus, CD's 50 mil shares it bought is equal to around 20 trading days worth of buying if they were the ONLY buyers on those days. That is an entire months worth. You could figure that MAYBE 1/2 the buying vol was CD and that would give you TWO months worth of buying out of the last four. You don't think that sort of % of buying volume would lend considerable support to CD's stock price?

To: Jay Larrabee who wrote (2975)	2/3/1999 1:32:00 PM
From: Benkea	Read Replies (1) \| Respond to of 3627

Site for buying volume: If you are interested in seeing the up vol vs. down vol since 10/98: clearstation.com Also remember that the support CD gives to the stock price via its' purchases, create false t/a signals for the stock which attracts buyers who are not buying for fundamental reasons. Further, they are not even buying for t/a reasons because they are somewhat manipulated and therefore not accurate. disclaimer: I own plenty of CD Feb call options so I am not a short seller or put buyer - just calling it as I see it.