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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: gemsearcher who wrote (2880)	4/14/1999 10:02:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 7235

<<My recollection is that SUF's average historical daily trading volume is in the 20K-40K range , with depth on both sides at any given time rarely aggregating 20K.>> Over the past year, average daily volume has been 71,000 shares. So I'd say SUF is rather liquid. There is no real threshold that makes the cut between a stock that has liquidity and one that does'nt. But if I had to give a number, I 'd say that a stock with a float smaller than 5 millions shares or an average (computed over a minimum 250 days) daily volume smaller than 20,000 shares is illiquid. I could add that liquidity depends on who the players all. The small player who buys $500-$1000 at a time will tell you that all stocks are liquid. The big guys who run $100K at atime will tell you that SUF is not very liquid. IMVHO, there is no universal definition for liquidity. Claude