when will the games end, page-11

Siamese,

you say that 350,000 CQT shares is not even the equivalent of 5,000 BHP shares. You are right:

In terms of Traded Volume
Today BHP traded almost 14million shares. So 5,000 shares would be 0.03% of the daily traded volume.

CQT traded 600,000 shares per day averaged over the last 20 days. Therefore 350,000 shares would represent a huge proportion of the daily volume.

In terms of Time
5,000 BHP shares are traded on average every 10 seconds.**
350,000 CQT shares would take about 3 hours.


In terms of shares on issue
BHP has over 3.5Billion shares on issue. So 5,000 shares is about 0.0001% of the company.

CQT has 271million shares on issue. So 375,000 is 0.1%. Or a magnitude of 1000x more.

Conclusion
So..siameseparrot is almost right... 5,000 BHP and 350,000 CQT are not equivalent.

It is clear that whilst 5,000BHP shares could trade in a tiny amount of time - 350,000 CQT shares on the market depth could well impact the daily share movement.


Joel

**calculation:
14,000,000 / 6 hours / 3600 seconds = 650 BHP shares per second.
5,000shares / 650shares per sec = 7 seconds.