I wanted to make a quick point on a post based on a conversation I had with a colleague. We sat on the trading floor near one of the sales trading desks and they were, as usual, shouting out orders the entire day such as 1,000 shares of Microsoft. My colleague remarked, "They don't seem to be trading much money. 1,000 shares times $47 is $47,000."
When traders yell out orders on the floor, the share amounts are in thousands. So, 1,000 shares is actually 1,000,000 shares. If the number of shares are less than 1,000, they are called little shares. A 500 share trade would be 500 little shares of Microsoft.
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