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Re: flemsnopes post# 149

Monday, 11/01/2010 8:51:11 AM

Monday, November 01, 2010 8:51:11 AM

Post# of 248
I think we just had a pop quiz in "mechanics of investing" class and we failed. It looks a though there is a rule concerning the size of an order which is preventing your buy from being reflected.

REPLY FROM TD WATERHOUSE

For any stock a round lot is 100 shares. As far as reflection, a minimum of 100 shares is needed with the exception of an otc bulletin board or pink sheet stock. If a penny stock is trading between .00 and .50, you need to have 5000 shares to be reflected. Between .51 and 1.00, 2500 shares is needed to be reflected.


I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!