| 8:47 pm on Jul 26, 2004 (gmt 0)|
show off... ;)
| 9:52 pm on Jul 26, 2004 (gmt 0)|
I really thought they were going to do some kind of split prior to ipo to get the price within range of what a regular guy can afford without having to go odd-lot. $12,000+ dollars for 100 shares is more than what I thought of investing. I would have to liquidate something or go with less than 100 shares. Time to go over the numbers and see if the stock really supports the PE premium over comparables.
| 11:36 pm on Jul 26, 2004 (gmt 0)|
I can and have bought odd lots with both etrade and datek without a problem.
As far as I know - they don't have any extra fees that go along with it.
Here is what I get with eTrade when trying to buy one share of NVR (that goes for $400+)
Please verify that your order is correct:
Order Type Qty Company Name and Symbol Price Type Your Price
Buy 1 NVR LP (NVR) GTC/Limit 121.00
Quote Details: Closing prices
Price Today's Change Bid Ask Volume
453.99 +1.09 0.01 907.00 54,800
Estimated commission: $12.99
Estimated total cost: $133.99
With Ameritrade I get:
BUY 1 NVR LIMIT 121.00 GTC $-131.99 NONE
Which leads me to believe the fee for etrade is $12.99 and Ameritrade is $10.99.
I have always heard about the odd lot thing, but since I have been trading (when you had to dial into etrade) I can't recall it ever mattering to me.
Is that maybe a rule with traditional (person to person) brokers?
| 12:04 am on Jul 27, 2004 (gmt 0)|
I think the whole odd-lot thing is more psychological than anything else these days. I remember when I was starting to trade about ten years ago that Schwab had a different fee for odd lots, today I don't think there is much of a difference if any in the one that I use. It is more of the investor's brain wrapping his head around a round number.
| 12:13 am on Jul 27, 2004 (gmt 0)|
Well I agree on that, but when you have shares that get that expensive - and can't afford 100 (or don't want a hundred shares) - 10 is a nice round number too :) Or five. 25... 1. I doubt many people buy round lots of Berkshire Hathaway :)
I wonder how long til I can get one from oneshare....
| 4:44 pm on Aug 18, 2004 (gmt 0)|
<I'm changing my predictions. I've poured through the S1 and done some research. Now I'm speculation an opening price of 81 and a close of 121 per share.> (May 2, 2004)
Looks like I was pretty darn close
And he just keeps getting closer and closer!
Did I win? ;)
| 5:39 pm on Aug 18, 2004 (gmt 0)|
EquityMind is not over until is over.