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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Victor Lazlo who wrote (17856)	3/24/1999 5:24:00 PM
From: dumbmoney	Read Replies (1) \| Respond to of 18691

<< . (Tip: number of shares is meaningless. It's market cap that matters). >> In a supply / demand market place the no of shares is not meaningless, dumbmoney. This is a common belief of novice investors, but it is entirely false. The number of shares is arbitrary and can be changed at will through stock splits & reverse splits. And of course the mkt cap of Wilsh 5000 has increased; there's been more and more money chasing it! My point exactly! Uh, no. Your claim was that the number of shares decreased. The only way for this to be consistent with increasing market-wide capitalization is for the average price per share to increase drastically. Due to stock splits, this has not and will not happen.