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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (65689)	6/29/2005 9:12:14 PM
From: Moominoid	Read Replies (1) \| Respond to of 74559

The whole issue of stock price affecting whether people will buy it or not is very strange. A case of "money illusion". The only stock that has a silly price is BRK/A. Well maybe BRK/B. You need $2000 or whatever to open an account. You can get it interest free on a credit card for a year :) One place where the price does become relevant is in options as you have to go for 100 shares. I'm surprised the GOOG guys allowed exchange traded options to be written on GOOG actually. Well, I am assuming they could veto it. The evidence does show that the more economics people learn and the more they trade in financial markets the more "textbook rational" they become...