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 buying in odd lot?, which online broker?

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TScherasbabe
post May 13 2008, 03:26 PM, updated 18y ago

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From: Cheras LRT
Can tell me which online broker allow me to buy odd lot share, say 10-20 shares only instead of 100 ?

1 Lot = 100 shares right?


Darkmage12
post May 13 2008, 03:31 PM

shhhhhhhhh come i tell you something hehe
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i think you should ask who would sell you their share of odd lot
skiddtrader
post May 13 2008, 06:01 PM

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QUOTE(Darkmage12 @ May 13 2008, 03:31 PM)
i think you should ask who would sell you their share of odd lot
*
Actually a lot of people have shares which are stuck in odd-lots due to share exercises when they are holding their shares.

Share dividends like YTLPOWR which states that 1 dividend share for every 25 shares held. Unless you have 2500 shares or its multiple, you will get odd lots.

Even bonus issues have the tendency of making odd lots.


The best way to trade odd-lots is to call your broker because the charges are different. OSK can opt to view all the odd-lots available for a particular counter with buy and sell price. Odd-lots do not follow market prices it seems.


Darkmage12
post May 13 2008, 09:19 PM

shhhhhhhhh come i tell you something hehe
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17,053 posts

Joined: Jan 2003

QUOTE(skiddtrader @ May 13 2008, 06:01 PM)
Actually a lot of people have shares which are stuck in odd-lots due to share exercises when they are holding their shares.

Share dividends like YTLPOWR which states that 1 dividend share for every 25 shares held. Unless you have 2500 shares or its multiple, you will get odd lots.

Even bonus issues have the tendency of making odd lots.
The best way to trade odd-lots is to call your broker because the charges are different. OSK can opt to view all the odd-lots available for a particular counter with buy and sell price. Odd-lots do not follow market prices it seems.
*
yes that's why you need to find someone who has those odd lots....besides odd lots are trading at times several times the market price smile.gif

 

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