Sell/Buy Ratio

First Call/Thomson Financial Insiders' Chronicle, July 2, 2001

SELL/BUY RATIO (NASDAQ AND NYSE)
The Sell/Buy Ratio is a calculated number of traders for the
NASDAQ and NYSE. The computations are based on a distinct number
of buyers and sellers for any given week. We list the NASDAQ and
NYSE separately as a ratio because of the unpredictability of
overall market conditions with both exchanges. The ratio is neither
bearish nor a bullish sign of current market conditions relevant to
the insiders. Trades where options are part of the transaction are
only included in the sell portion of the ratio. Although an
acquisition of options without disposing is considered a purchase,
we do not include it as part of the buy portion of the ratio.
THE SELL:BUY RATIO
                   Shares                         Value
Week              Sell-Buy                       Sell-Buy
NYSE
6/25      10,610,940  -     807,459     $446,152,297 -  $19,006,748
6/25      701,188,857 -   6,257,628  $34,151,110,463 -  $16,823,186
6/18      145,792,775 -   1,434,642   $4,133,490,480 -  $29,655,650
6/11       12,859,888 -   7,321,794     $334,453,400 -  $14,456,232
6/04        3,161,590 -      11,556      $58,779,748 -     $267,486
TOTAL     873,614,050 -  15,833,079  $39,123,986,388 -  $80,209,302
NASDAQ
6/25       28,143,854 -  97,486,321     $937,302,153 -  $33,403,207
6/25      587,985,958 -  36,822,402  $11,037,741,497 -  $69,504,520
6/18      948,520,890 -  85,289,611  $12,418,907,021 - $247,709,882
6/11       29,370,650 -   4,651,694     $720,802,805 -  $14,270,210
6/04      195,022,142 -  24,206,751      $13,799,410 -   $4,918,526
TOTAL   1,789,043,494 - 248,456,779  $25,128,552,886 - $369,806,345
          Traders     Ratio
Week     Sell-Buy    Sell-Buy
NYSE
6/25     199 - 98     2.0:1
6/25     413 - 22     18.0:1
6/18     346 - 67     5.1:1
6/11      54 - 21     2.5:1
6/04       20 - 6     3.3:1
TOTAL   1,032 - 214   4.8:1
NASDAQ
6/25     316 - 306    1.0:1
6/25     811 - 177    4.5:1
6/18     413 - 304    1.3:1
6/11     72 - 104     0.6:1
6/04      27 - 39     0.6:1
TOTAL   1639 - 930    1.7:1