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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Mariah Smyth who wrote (6835)	1/11/1999 11:40:00 AM
From: Tim Luke	Respond to of 90042

depends on the stock..PM me and i will look on level 2 for you

To: Mariah Smyth who wrote (6835)	1/11/1999 11:41:00 AM
From: Jack Colton	Respond to of 90042

It depends on the company. 8000 shares of KTEL would move the whole market several points (a few months ago), but 8000 shares of LU will not do much. If you want to maximize your return, I have found that breaking it up into groups of 500 to 1000 usually works best for the small cap stocks, and 1000 to 2500 for the large caps. jc

To: Mariah Smyth who wrote (6835)	1/11/1999 11:47:00 AM
From: Jim Spitz	Read Replies (2) \| Respond to of 90042

Mariah, Depends. a) does your broker charge surcharge for share lots of over 5000? If your broker charges say, one or two cents per share for all shares over 5000, it is usually advantageous to break it up. B) It the stock moving fast? If the market is moving fast, 8000 shares will go with no problems. C) Are there few shares of that stock trading that day? Frequently best to move two 4000 share blocks if so. Then sometimes the price will remain stable through your sales. Also depends on overall size of float, MM moods that day and the position of Venus with Neptune rising. (kidding about Neptune rising, unless you're into astrology) But seriously, there are many factors. I like to trade in smaller blocks to help keep price stable during sale. My broker doesn't charge for blocks over 5000 as long as they are not AMEX/NYSE. Also doesn't charge commission more than once per day on same side of a trade. If I trade two 4000 share blocks or one 8000 share block, will cost the same single fee. Hope this helps. jimS