HOLDRs are incredibly efficient in cost -- OIH is $8/100 shares. This is the good news.Originally Posted by andrew125
The bad news, for some, is that HOLDRS require a minimum 100-share lot to open, which could preclude their usage for folks wishing to employ strict money management techniques with a large-holding portfolio, e.g., no one positions occupies greater than 2-5% of a portfolio. @ $152/share, this implies a minimum position of $15.2K to open. This could be outside the size of what folks would want to commit in forward testing their own behavior of the robot. On the other hand, some folks only invest 2-7 positions per $100K, so this could fit well.
I think something with an odd-lot capability would be received better by subscribers, but of course, this is subjective.
Regards,
pgd
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