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Re: Who's Propping up SCOX?

  • Subject: Re: Who's Propping up SCOX?
  • From: Roy Schestowitz <newsgroups@xxxxxxxxxxxxxxx>
  • Date: Wed, 05 Jul 2006 07:28:11 +0100
  • Newsgroups: comp.os.linux.advocacy
  • Organization: schestowitz.com / MCC / Manchester University
  • References: <slrneal1mm.c6r.robtmil.killspam@robtmil.com> <QPydnerH1_ZLfzfZnZ2dnUVZ8qGdnZ2d@pipex.net>
  • Reply-to: newsgroups@xxxxxxxxxxxxxxx
  • User-agent: KNode/0.7.2
__/ [ Stephen Fairchild ] on Tuesday 04 July 2006 22:51 \__

> Robt. Miller wrote:
> 
>> 
>>  Vol:         899,812.00               Avg Vol:       47,000.00
>>  
>>  I don't know the stock market very well so forgive my ignorance in
>> asking this - does the above mean that trading in SCOX shares is
>> approximately 20 times higher than normal? If so, doesn't that trigger
>> any interest by the entities that regulate this stuff or is this
>> perfectly normal?
>> 
> It could be investors looking for a bounce before it all goes down the
> toilet.

All I know is that SCO's stock sank 20% the other day. When people sell /en
masse/ the trading volume will be higher. Volume can be either a bad or a
good (or neutral) indicator... it only says something about level of
activity. One of the big shareholders of SCO must be Microsoft.

Best wishes,

Roy

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