Can anyone explain Odd Lot Allocation......

[nitish3861]

[original post removed]

[Galli]

Odd Lot allocation means you have submitted an equity order using an odd lot of shares.

Eg, 56 opposed to the standard 100. The theory is when a lot of odd lot orders come into the market, you should trade in the opposite direction because the buyers/sellers are not professionals.

[S2000magician]

@Galli

The theory is when a lot of odd lot orders come into the market, you should trade in the opposite direction because the buyers/sellers are not professionals.

Some sort of moral obligation to fleece the lambs?

[Galli]

@S2000magician

@Galli

The theory is when a lot of odd lot orders come into the market, you should trade in the opposite direction because the buyers/sellers are not professionals.

Some sort of moral obligation to fleece the lambs?

I think that is the idea