some more interesting data;
so far this morning(as of about 12:30)
total trades - ~ 3,550,000,000 shrs
trades at the bid of .0004 - ~ 410,000,000
trades at the ask of .0005 - ~ 3,140,000,000
I was thinking, how can we figure out what trades are retail and which are the MMs either trading between themselves, or wholesale short covering...
If you are a retail buyer how much do you purchase on a normal transaction? most likely its under 5 mil at a time so we'll use that as an arbitrary share amount that seems 'likely'. Also, I figure odd lot trades to retail as well because any wholesale buying/covering would not be broken down in odd lots(for the most part)
the total trades at the ask for blocks under 5mil shrs and odd lots over- ~1,300,000,000
the total trades at the ask for blocks over 5mil shrs - ~1,835,000,000
total shrs traded in 9mil blocks(include in the 1.835 bil) - ~1,735,000,000
I believe the majority of those 9 mil blocks to be intra-Market Maker, or some type of organized wholsale buying/covering...
I think, therefore, its safe to assume the majority of the volume is not from retail orders...
