Chapter 735: My Turn
“There’s been some unusual selling activity the past couple of days…”
On Thursday, Richard received a report from one of his subordinates. He closed the door and took the file handed to him.
“These are the turnover rates for the past three days—nearly five million shares traded. The volume is quite high and abnormal.”
Richard wasn’t highly educated, but in the world of the successful, no one ever required a high degree to be one. As long as he had money, he could pay those with higher education to work for him.
On the daily trading chart in his hand, turnover volumes for each time period were marked. The term turnover originated from the hand gestures used on the trading floor—when sellers wanted to offload shares, they used silent signals to communicate with floor traders alongside flipboards.
There weren’t many gestures—mostly to indicate buying or selling. Each time shares passed from seller to buyer, these hand signals were involved, giving rise to the term “turnover.
Some argue the word didn’t originate there, and have started using trading volume instead. But regardless of old or new terminology, it all pointed to the same thing—trades.
“Did our agreement partners start selling?” Richard frowned as he studied the dense volume spikes.
His academic credentials might’ve been low, but his analytical sense was sharp. He understood that when a stock had room to rise, it wouldn’t suddenly experience a trading spike like this. Real bullish momentum came with steady volume increases, not sudden bursts.