When considering share volume, why do most share traders and share trading tools look for companies that have the largest volume of turnover instead of looking for companies that have experienced the largest attack on their share holding?
Below I have listed 2 examples;
1 is the top 10 by turnover as per the ASX for the 24th of June the other is the top 10 based on the % of attack on the company’s shares for the 24th of June.
They are totally different but which one is the most relevant?
Price movements definitely occur more regularly in the companies that appear in the second list rather than the ASX list.
ASX Top 10 Volume of Turnover;
1 = ESI. 2 = TLS. 3 = ELD. 4 = FUT. 5 = FMS. 6 = GMG. 7 = WDC. 8 = OZL. 9 = PNA. 10 = ARO.
% of Attack Top 10
1 = ESI. 2 = ELD. 3 = DMM. 4 = DOW. 5 = CAG. 6 = ADI. 7 = ADX. 8 = FMS. 9 = ORM. 10 = PAY.
I would be interested in any constructive feedback