You are here: Home → Forum Home → The Mac Observer Forums → Apple Finance Board → Thread
Daily Trading Volume
-
Gregg Thurman
- [ Ignore ]
If I am correct that the institutions began bailing on AAPL (at the very least not buying), then it started right after last July’s earnings report.
For the period April earnings to July earnings 2010 daily average daily volume was 28,935,000 shares.
Average volume for the period July earnings to October earnings 2010 dropped to 19,053,000.
Average volume for the period October earnings to January earnings 2011 dropped to 15,209,000.
Average volume for the period January earnings to April earnings 2011 picked up slightly to 17,753,000.
Since April earnings average volume has been 14,328,000 (low average of past 5 quarters). That’s a drop of over 50% from July 2010 average.
50%. That’s a lot of head room if the institutions are pleased with Apple’s earnings report Tuesday afternoon. I believe they will be.
Wear a hard hat Wednesday. You could hurt yourself going through the roof.
Signature
You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.
-
Greg, You can’t compare volume from 2010 without factoring in the share price. Dollar traded should be the metric. 10m shares traded today is the same a 30m in 2010 when the PPS was $125.
Signature
The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.
-
Gregg Thurman
- [ Ignore ]
Greg, You can’t compare volume from 2010 without factoring in the share price. Dollar traded should be the metric. 10m shares traded today is the same as 30m in 2010 when the PPS was $125.
That explains why volume dropped 50%: AAPL went up 32%. Dollars traded daily: $7.54 Billion.
It would also explain why average trading volume increased 17% during the March quarter 2011, when AAPL increased 8%. Dollars traded daily: $4.93 Billion (down 34%).
Yep, I can see the correlation.Signature
You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.
-
Greg, You can’t compare volume from 2010 without factoring in the share price. Dollar traded should be the metric. 10m shares traded today is the same as 30m in 2010 when the PPS was $125.
That explains why volume dropped 50%: AAPL went up 32%. Dollars traded daily: $7.54 Billion.
It would also explain why average trading volume increased 17% during the March quarter 2011, when AAPL increased 8%. Dollars traded daily: $4.93 Billion (down 34%).
Yep, I can see the correlation.Gregg,
The numbers in your penultimate sentence don’t compute—why would dollars be down if volume and AAPL price are up?Alan
-
Greg, You can’t compare volume from 2010 without factoring in the share price. Dollar traded should be the metric. 10m shares traded today is the same as 30m in 2010 when the PPS was $125.
That explains why volume dropped 50%: AAPL went up 32%. Dollars traded daily: $7.54 Billion.
It would also explain why average trading volume increased 17% during the March quarter 2011, when AAPL increased 8%. Dollars traded daily: $4.93 Billion (down 34%).
Yep, I can see the correlation.Gregg,
The numbers in your penultimate sentence don’t compute—why would dollars be down if volume and AAPL price are up?Alan
I can’t find the gentle sarcasm smiley, but I think that is what Gregg is after here….
Signature
AAPL: to boldly go where no stock has gone before
