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Pastimes : Bad investing information/advice on the net contest
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To: Edwarda who wrote (190)1/18/2000 5:10:00 PM
From: The Other Analyst  Read Replies (2) of 214
 
You noted that if the stock splits the small investor can buy more because of the "round lot" problem. As you know, but apparently some have ignored, there is no longer any relevance to the round lot notion. Trades now are priced per trade, regardless of the number of shares. It's $29 or $20 or whatever for any trade, whether it is 100 shares or 13 shares. So we cannot attribute any rational thinking to these investors' preference for splits.
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