I wouldn't normally post something like this, but I have gotten a few calls, so I feel that it might be useful information. Apparently, because today is a holiday and banks are closed the volume of stock is a combination of today and Friday the 5th. Below is a quote from Nasdaq.com and hopefully the volume amounts will make more sense after reading it.
"The schedule of trade dates-settlement dates below reflects the observance by the financial community of Columbus Day, Monday, October 8, 2007. On this day, The NASDAQ Stock Market and the securities exchanges will be open for trading. However, it will not be a settlement date because many of the nation's banking institutions will be closed.
Note: Transactions made on Monday, October 8, will be combined with transactions made on the previous business day, October 5, for settlement on October 11. Securities will not be quoted ex-dividend, and settlements, marks to the market, reclamations, and buy-ins and sell-outs, as provided in the Uniform Practice Code, will not be made and/or exercised on October 8."
Monday, October 8, 2007
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