I am curious as to how much weight investors put on the number of "showing" buyers versus sellers.
To use an example: MFG, after closing today, shows 18 buyers for 32000 units as opposed to 33 sellers for 120,000 units.
Yet during the day there were 1500 trades for 290,000 shares and the SP went up 3%.
The query is how much, if anything, does the "showing" number of buyers and sellers mean?
Are institutional investors simply ruling the day?
Just curious. Thoughts welcome.