From: "Elizabeth Richardson" 
Newsgroups: misc.invest.financial-plan
Subject: Re: NASDAQ undervalued?
Date: Fri, 15 Dec 2006 17:32:27 -0600
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"bo peep"  wrote in message
news:1166222820.973223.22380@t46g2000cwa.googlegroups.com...
> John A. Weeks III wrote:

> > By definition, isn't it exactly fairly valued?  There are a nearly
> > equal number of buyers and sellers at the current price.
>
> No, there must always be *exactly* the same number of shares bought as
> the number of shares sold.

Ah, yes, but the number of buyers and sellers doesn't usually equal the
number of shares sold. A buyer can purchase the shares of several sellers,
or a seller can sell to more than one buyer.

Elizabeth Richardson