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Old April 8th, 2009, 03:45 PM
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katlady katlady is offline
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Originally Posted by Trackypup
Originally Posted by katlady
Originally Posted by dave 3261
How many shares to get these benefits?[/i]
100, it's always 100 , 100 shares of stock in the fianace world is called a "lot" or a "round lot".
Its usually 100 shares that makes up a board lot, but not always....

Investopedia explains Board Lot
For example, a stock exchange might define one board lot as equaling 1,000 shares for stock priced under $1, and 100 shares for shares of more than $1. The thinking is that standardization increases liquidity thus lowering spreads and making the market more efficient for everybody.
Okay I understand. I don't buy OTC stocks and a stock under a $1 would be delisted from New York Stock Exchange (NYSE) or/and the NASDAQ. So for the stocks I'm trading it's 100 for some OTC it's a 1000. Since RCL is traded on the NYSE it's 100 shares. I also checked RCL's investor website to verify.
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