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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: barbara sperino who wrote (31177)	4/7/1999 1:25:00 PM
From: jhild	Read Replies (1) \| Respond to of 43774

Just curious Barbara, what figure do you use to estimate the real number of shares that likely exchange hands when you look at the volume number associated with an OTCBB stock? I always divide by 2 at a minimum (and for ease of calculation). Though I also know that there are inventory adjustments that get made during the day that may not have any real buyers or sellers other than the MM's moving shares among themselves. That one is a little harder to gauge as far as I'm concerned. And it certainly inflates the volume numbers, so maybe dividing by 3 isn't that much of a reach. Just guessing I would think under normal circumstances that a factor of 2&#189 or 2&#188 would be a useful figure to use. Or do you use some other number?