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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: parker_meridian who wrote (47309)	1/29/2001 1:05:28 PM
From: the Chief	Read Replies (1) \| Respond to of 62347

Take KCA, one people trade on this thread for example. A smal llot trader now has a 5.02/5.04 spread instead of 5/5.05. Their "Cost"has been lowered. For a larger size trader it makes little difference. Smaller increments for the retail trader...are a good thing. Saving .03 on the spread for many people is like free commission. If someone announced free commission trades you'd all be doing cartwheels, not whining. True. However, the "distribution of bids in pennies redues the chances of compounding bids at .05c bid points, in which case the "supply/demand indicators of a stock now get washed over 4 bid/offer points instead of 1. Therefore the change in price will be slower because of distribution...it will take awhile to get used to...after awhile it won't make much difference at all....but it does seem a tad stupid to be able to buy BBD.B at 24.19?? the Chief