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No big deal at a buck for a 100 share lot at IB. Recently I've been buying
100 and 200 share lots of a number of different dividend paying stocks,
including ADR's and Chinese "H" shares. It works well where I want to spread
risk around in a large number of small positions. Once I have a "starter", I
leave GTC orders for 100-200 shares in to pickup more bits and piece if/when
the MM's decide to spike the bottom. Not the way I buy the really high
quality stuff, but it does add up and works nicely for a piece of the
portfolio.
Earl
----- Original Message -----
From: "BobsKC" <bobskc@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, June 06, 2003 1:28 PM
Subject: [RT] small lots
> Ok, I give up ... I've been trading for 35+ years and I still can't figure
> out who in heck buys all those 100 share lots I see cross the board every
> day. Even a $2.** stock! Now, if someone is paying $10 per trade and
buys
> 100 shars of a $2.00 stock, they are paying 5% in and 5% out. A hell of a
> handicap to make any money. I realize that the market maker sets 100
share
> size up to control, (to some degree), the bid ask but I'm talking about
> dozens and dozens of 100 share lot trades. Any sense to this for this
old
> geezer? :))
>
> Bob
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