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alliecorp

07/30/06 6:02 PM

#5237 RE: booger #5236

Very interesting booger,
43% non-Iwatch
55% retail and
1% institutional for one month.

That's a much higher non-Iwatch than I've seen before???

Thanks, allie

How to Use Pie Chart

The I-Watch Total Trade Volume pie charts allow users to determine whether Institutional or Retail investors are driving today's price movement for this stock.

After a broker/dealer executes a trade, it often reports the trade to Thomson's proprietary communications network. The Total Trade Volume Chart segments each trade as either Institutional or Retail, based on the broker reporting the trade.

Institutional - a trade reported by a major brokerage firm which typically trades on behalf of major mutual funds/portfolio managers. While these firms also have retail branches, the amount of trades reported on behalf of institutional investors dwarfs the limited amount of retail trades that are reported.

Additionally, Institutional brokers often maintain internal house trading accounts as "market makers." When these firms report their trades it is impossible to determine whether the trades were executed on behalf of an institutional client or for the firm's own house trading accounts. While trading patterns for institutional clients and house accounts tend to differ, the fact that "Big Money" is behind the trades means that these investors/traders have the ability to move markets.

Retail - a trade reported by a broker that primarily executes on behalf of retail investors, such as Charles Schwab's Mayer Schweitzer.

Non I-Watch - this portion of the chart refers to trades not reported over Thomson's proprietary communications network. Broker participation is voluntary, so it is rare that all trading volume is accounted for. These trades can be related to either institutional or retail trading.