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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Monty Lenard who wrote (24887)	8/22/1998 11:59:00 AM
From: James F. Hopkins	Respond to of 94695

Monty; LOL neither do I, well I'v never traded any odd lots, it's always been 100 or in multiples of 100. I was told odd lots could take some time to move. ? I don't really know maybe at market they would trade OK. ? But for the system to work you would have to use a weighting percentage close to the weighting used in the S&P while I have not re weighted my index since April 30th if I was trading it I would go back in with each new buy order with the weighting up dated. At this time to avoid odd lots I would use 100 shares for every 10B in cap rounded to the nearest 10B in cap, which would mean 600 shares of WCOM the smallest one, to 2,900 shares of GE the largest one. The commissions I get wouldn't make any difference as each issue would cost me $12 to trade no matter how many in it. ( up to 5000) So buying or selling the basket would have $120 expense hung on it. If odd lots would work then a 10th of that would work but expenses would be the same $240 per round trip. Jim