About Herdt Christian Expertise I`ll answer all question concerning west-European telecom stocks and the major U.S. telecom stocks. Questions may be more fundamental then technical based.
Experience I follow the stock market's daily for over 3 years now. I study Trading science & Corporate knowledge with option ICT. I've read tons of books about both fundamental and technical analysis.
Education/Credentials Trading science & corporate knowledge with option ICT.
Expert: Herdt Christian Date: 1/12/2001 Subject: odd lots
Question Why do the companies want you to have a 100 shares? Is there an advantage to the share holder?
Answer Dear Sir,
Thank you for your writing. Why the company's want you to take 100 shares? Well, It's not the Company you invest in that wants you to take 100 shares. Some brokers want you to take a fixed amount of shares. Just because it's easier for trading. But only the big ones will make you buy 100 or multiples of 100. If you go to a regular broker he will sell you as much as you like. (He may set a minimum amount of money though). the bank will probably sell you anything you want without any exceptions if you are a customer. But this is only the case if you buy "clear" shares.
The amount of 100 shares could indicate that you are talking about options, warrants or other derivates. 1 option gives you the right to buy 100 shares (not less) at a fixed price. The choice if you buy or not is optional, but if you do buy you probably have to buy 100 shares at the settled price.
Maybe "options" have caused the confusion of buying 100 shares. If not just check another broker or ask your bank. They will sell you less then 100 shares.
I hope this is somewhat of an answer to your question. If you want to know more or still have questions. Feel free to ask me.
