AVEW Holdings Inc. (AVEW)

[ronning999]

As you say lucy "VWAP is calculated by adding up the dollars traded for every transaction (price multiplied by number of shares traded) and then dividing by the total shares traded for the day."

That is correct. And VWAP is a FAR MORE ACCURATE representation of what the daily trading represented. It ELIMINATES the 'painting the tape' effect, like happened today in AVEW. Today's avearga price was $0.007670 for a total of 892,876 shares traded while the close showed $0.0090 on a 28,000 share paint job.

What is more accurate, a chart based on 'paint job, numbers or one based on Average selling price??? My vote is certainly NOT for one based on a 'paint job' numbers which is HIGHLY misleading

The reason most do not use it is it takes effort to calculate it and most take the easy way out.

And regardless of how the chart was prepared.... it is VERY ACCURATE and is certainly NOT a myth as you say.