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Post by rocketscientist on Jan 16, 2009 8:04:29 GMT -5
Well, it seems that All or None orders are gone ...
Let the buying of 1 share begin ... ;D
See below
UPDATE: Elimination of All Or None Orders on the TSX and TSXV
SUMMARY: Please be advised that both the Toronto Stock Exchange (TSX) and TSX Venture Exchange ( TSXV) have made the decision to eliminate the ability to enter or execute All or None (AON) orders effective January 19, 2009. Please note that this date has been changed from December 15, 2008.
If you enter an ‘All or None’ order prior to the close of market on January 16, 2009, please ensure it expires no later than January 16, 2009 . Any open ‘All or None’ orders with an expiry date of January 19, 2009 or later will be cancelled by the exchange after the close of the trading session on January 16, 2009.
Should you have any questions or require additional assistance, please contact an Investment Representative at 1-800-465-5463.
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Post by trainboy on Jan 16, 2009 10:25:21 GMT -5
Hmmm.....I wonder what this will do to the SP. While the trading volumes have been OK lately in terms of shares, in terms of dollar value, not so much. Do most brokers not have a minimum block of shares that must be bought for penny stocks? I can't see someone buying single shares of DRV at $0.19 because of the high transaction costs. Should be interesting though!
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Post by caveman on Jan 16, 2009 11:47:19 GMT -5
"Let the buying of 1 share begin ... " woohooo! it depends who you are using as a broker trainboy...some brokers such as interactivebrokers will charge a very minimal fee. and then you just hope the seller with a large sell order has to pay anywhere from 30-90 bucks for a small order going through. hahh. let the fun begin!
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