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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?


To: steven d. zapf who wrote (9457)2/18/1999 8:50:00 PM
From: Richard Estes  Respond to of 12039
 
Have done any in a long time? someone else might address that.



To: steven d. zapf who wrote (9457)2/18/1999 9:28:00 PM
From: bob wallace  Respond to of 12039
 
sdz

I believe there is one small advantage to trading in odd lots, and that is that odd lots are exempt from the down tick rule on shorting
(of course, I would verify that with your broker)

also, I believe that odd lots ride piggy back on larger orders for actual execution - I am not sure of what the implications of this are, but you may perhaps contemplate the idea

my wife trades odd lots and I dont see any real difference except the broker doesnt like a whole lot of change orders on them - a limit order is a limit order...one thing I would say is that I watch closely, and if she deserves a fill and doesnt get one, I call make them check time and sales. in these cases, she always gets filled, but at her limit and never better [this also suggests to me that some odd lot orders might "fall through the cracks", so to speak, if you are not careful]

Bob Wallace