I will use JNPR as an example but the same thing is happening in most other Nasdaq fast moving stocks. Todays trading range LOW 13.42 HIGH 14.25 Volume Approximately 10,000,000 shares December 2000 Estimated daily trading range LOW 135 HIGH 145 Volume Approximately 10,000,000 shares Lets say that at December 2000 I had a trading account of $15K On margin it would allow me to buy 200 shares, My maximum daily profit would have been 200*10 = $2000 If I was going for the same profit today with the trading account of the same size I would have to trade lots of 2000 shares. And we can clearly see that volume now is equal or even lesser than it was a year ago. Knowing that JNPR is kind of stock that is mostly moved by daytraders I find it strange. In my opinion it would be natural that as a daytrading stock becomes cheaper the volume should be moving up.