Record Volume on Nasdaq Close for Russell Reconstitution
Posted by Tiernan Ray
Nasdaq OMX (NDAQ), the company that runs the Nasdaq stock markets, informs us this afternoon that the Nasdaq had a record close in terms of volume of shares bought and sold at the end of trading because of people moving into and out of stocks added to or dropped from the Russell Investments indices, mentioned earlier.

1 billion shares traded hands with a total value of $9.2 billion in 2.9 seconds, says Nasdaq. Interestingly, that was above the 893.3 million shares traded last year in the Russell’s reconsitution, and faster than last year’s close of 5 seconds, but it was lower in dollar value than last year’s 12 billion.

As suggested in an earlier post, many of the big volume trades at the close were small caps. The top ten trades at the close in order of volume were: Sirius XM Radio (SIRI), Sanmina (SANM), Cell Therapeutics (CTIC), E*Trade (ETFC), Finisar (FNSR), Level 3 Communications (LVLT), Capstone Turbine (CPST), Maxim Integrated (MXIM), Intel (INTC), PMC-Sierra (PMCS).

And IMHO short positions covered and derivatives dumped. Time for the Markets to go back up LOL

ACLS had great news a few days ago and down by the works of ISEG, and look at the last few trades of the day.........
:00:02 PM Ask 0.4 243000
4:00:02 PM Bid 0.39 20400
4:00:02 PM Trade 0.4 4630000
4:00:01 PM Trade 0.4 70000
4:00:01 PM Trade 0.4 25000
4:00:01 PM Trade 0.4 105000
4:00:01 PM Bid 0.39 17400
4:00:00 PM Trade 0.4 102100

And look what they did to the share price. last 1 minute........on the interday chart!!

http://finance.yahoo.com/echarts?s=A...urce=undefined