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Author: TMFSelena Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2201  
Subject: Re: Lots of 100 Stocks Date: 5/26/1999 1:29 PM
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<<I just read on an ABCNews.com page that stocks are usually sold in lots of 100 making stocks inaccessable to the small investor. I have also heard this elsewhere before. I think I read somewhere in Motley Fool that this is bunk.>>

Paul --

It *might* be that most stocks are sold in "round lots" of 100. Perhaps those who can afford to buy at least 100 have been conditioned to do so. (Think of 4-for-a dollar sales in your grocery store -- people who might only need 2 or 3 will still buy 4 due to the power of suggestion and perhaps subconscious assumptions.)

But that doesn't mean that you can't buy an "odd lot" of 17 shares, or 3 shares, or 154 shares. Perhaps some brokers or services require lots of 100, but many do not. I know that the several brokerages I'm familiar with and have used (Ameritrade, Fidelity, Waterhouse) have permitted me to buy fewer than 100 shares at a time.

Selena
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