Word: lotterer
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...characteristic odd-lotter, says Drew, does not buy when the market soars and stories on it begin to land on the front pages. This whets his interest, but he waits to buy until prices slip. Although during a two-or three-day break he may well be scared into selling, if prices take a real drop, he buys heavily...
...fact that minor dips scare the odd-lotter easily, even when the market is basically sound, makes him a poor short-term trader. For example, during the Fulbright investigation last March when the market broke sharply (TIME, March 21), the number of odd-lot sales rose sharply. But, in general, the small investor is not an in-and-out-of-the-market speculator. Chief reason: it is slightly more expensive to buy or sell odd lots at a given price since an extra broker's commission of one-eighth of a point is charged...
Proceeding on these rules, the editor includes the whole of such diverse long poems as Whitman's rembling, programmatic "Song of Myself," Whittior's New England winter idyll, "Snowbound," and Wallace Stevens' difficult piece, "The Comedian as the Lotter...
...Since 1920 the average odd-lotter on monthly balances has sold his stocks about 14% under the price he paid for them...