SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?


To: Dale Geffrey who wrote (4455)1/5/1999 8:05:00 PM
From: IdiotJed  Respond to of 37507
 
<<As an ignorant American, would you please explain the 5-cent movements you wrote about? Is that a TSE rule?>>

Stock below $5.00 can trade in 1 cent increment (and only half a cent below $0.50 I think). Over $5.00, it's 5 cents. It is a general Canadian Exchange rule I think, not sure.

IdiotJed



To: Dale Geffrey who wrote (4455)1/5/1999 8:06:00 PM
From: Steelguy  Respond to of 37507
 
Yes it is, used to trade in " eighths " above $5.00 a couple of years back but they decided that the market was " truer " if we stuck to nickles. The old nickle break was at $3.00 I believe. Those were the days. so much fun when you had a stock you played and owned under $3.00 go over three out of pennies, ride nickles up to $5.00 and then scoot up in a huge way trading .125 cents at a crack!! NOt that i had this happen too often! :o)

sg



To: Dale Geffrey who wrote (4455)1/5/1999 8:07:00 PM
From: Dave Cash  Read Replies (1) | Respond to of 37507
 
I believe that anything above $5 trades in .05 increments as opposed to .01 increments below $5. Very low priced stocks trade in .005 increments but I'm not sure where the .01 increments kick in.