The Sell:Buy Ratio

First Call/Thomson Financial Insiders' Chronicle, July 9, 2001

THE SELL:BUY RATIO (NYSE/NASDAQ)
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 ot 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.
                     Shares                          Value
Week                Sell-Buy                       Sell-Buy
NYSE
  7/09       2,736,579 -      69,248       $74,483,228 -   $1,146,663
  7/02      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
  TOTAL    873,189,039 -   15,890,77   $39,139,689,868 -  $81,088,479
NASDAQ
  7/09       4,258,203 -  11,218,085       $69,160,020 -  $17,743,962
  7/02      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
  TOTAL  1,598,279,555 - 235,468,113   $25,183,913,496 -  $382,631,78
            Traders    Ratio
Week        Sell-Buy  Sell-Buy
NYSE
  7/09      28 - 12    2.3:1
  7/02     199 - 98    2.0:1
  6/25     413 - 22    1.0:1
  6/18     346 - 67    5.1:1
  6/11      54 - 21    2.5:1
  TOTAL   1040 - 220   4.7:1
NASDAQ
  7/09      35 - 39    0.8:1
  7/02     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
  TOTAL  1,647 - 930   1.7:1