CASH ACQUISITIONS; The dollar amount of cash paid as part of the takeover of a publicly traded company.

L2 - US EQUITY FUNDS FLOW is the net amount of money either going in to or out of mutual funds. Flows are calculated in TrimTabs Daily Mutual Funds Flow, which surveys over 900 equity and bond funds daily. US stock market liquidity looks at flows into equity mutual fund that are not international specific. International equity and bond funds flow are determined separately.

LIQUIDITY; The different between inflows and outflows of cash in the stock market over a given period of time. The fundamental premise of our liquidity theory is the total market capitalization (price) is a function of liquidity, having nothing to do with value.

LIQUIDITY CALCULATION; Liquidity as reported in TrimTabs Daily Liquidity and TrimTabs Weekly Liquidity is derived by adding US Equity Fund Inflows, 2/3 of newly announced cash takeovers, 1/3 of completed cash takeovers and subtracting new offerings.

MARGIN; Debt incurred to buy stocks. Margin debt at NYSE member firms is published once a month by the NYSE about three weeks after the end of the month.

MARKET CAP CHANGE +/- after the date, includes the weekly change in aggregate market values in millions of dollars.

MUTUAL FUNDS FLOW; The net amount of money either going in to or out of mutual funds. Flows are calculated by TrimTabs Daily Mutual Funds Flow, which surveys over eight hundred and fifty equity and bond funds daily. US stock market liquidity looks at flows into equity mutual fund that are not international specific. International equity and bond funds flow are determined separately.

NEW CASH TAKEOVERS; include the total cash portion of all newly announced cash takeovers of a publicly traded company.

NEW OFFERINGS; include Initial Public Offerings, secondaries, and convertible bonds and preferred sold in the US and do not include closed end US equity or bond funds. New Offerings also include American Depository Receipts sold in the US, but do not include US shares and American Depository Receipts (ADR's) sold outside the US.

NEW STOCK BUYBACKS; is the dollar value at the prior days close of new stock
buyback announcements.

TRADING FLOAT; of Shares in a market is increased by new offerings and insider selling. Trading float is decreased by cash takeovers and stock buybacks.

TRIMTABS MARKET CAP measures the market value (all shares outstanding X current price) for all NYSE, NASDAQ and AMEX stocks The AMEX is included, but not listed. TrimTabs Market Cap Index does not include American Depository Receipts (ADR's).

144 INSIDER SELLING; Never before issued shares or converted stock options sold by directors and officers must be reported to the Securities and Exchange Commission and are tallied by First Call Thompson Financial. Sales of shares and converted options by insiders and employees below the level of corporate vice president do not have to be reported to the SEC and we estimate those insiders sell an amount at least equal to the level of 144 shares sold.