Tuesday, March 25, 2014 7:42:16 PM
There has to be a seller for every buyer. Every buy is also a sell. Today there were 1,095,208 buys and 1,095,208 sells.
Crazy, huh?
It's just the price agreed on that dictates a buy or a sell tag. If the person asking lowers his ask to meet the bidder, it's logged as a sell. If the person bidding raises his bid to the ask price, it's a buy.
The problem with this is that the bidder could raise his bid by 10% and then the seller could lower his ask by 2% and it would still be considered a sell.
It means nothing. Only the price means anything. We all know the price dropped today - no stock goes up every day.
Hope that helps you.
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