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Re: pounds

At 08:45 AM 9/30/98 -0400, you wrote:


So stocks are quoted in EIGHTHS of a dollar. Just like a quarter of a
dollar is sometimes refered to as two-bits. i.e. eights bits/dollar. Maybe
this is related to the old Spanish coins 'pieces of Eight'?

Sort of. That's why we still have quarters (but no bits!).

BTW - NYSE now trades in 1/16th share, supposedly to reduce volatility.
Don't think it works that way!

George Spagna **********************************************
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