Scottrade and Sub-penny Stocks

[347Mike]

I like that someone else is messing with the little stuff and is thinking like I do... I just started with it but so far I am 50/50... I made some on one purchase/sale and lost some on the other... but I'm only playing with $100-$200 at a time

I did buy something at .41 the other day and it is going up but I didn't buy enough to make much on it so I'm just going to hold onto it for a while (I only had about $40 avail in the sharebuilder account so I only bought 66 shares.. plus their fees was like $37.01
pretty much a waste of a transaction fee but oh well.

DIET? DIET is at .43 today.

Stocks at 40 cents are much different than sub pennies though. I have traded under a dollar stocks a few times. I try and stay away from anything under a penny though.

[2165 Turbo Rail]

I like that someone else is messing with the little stuff and is thinking like I do... I just started with it but so far I am 50/50... I made some on one purchase/sale and lost some on the other... but I'm only playing with $100-$200 at a time

I did buy something at .41 the other day and it is going up but I didn't buy enough to make much on it so I'm just going to hold onto it for a while (I only had about $40 avail in the sharebuilder account so I only bought 66 shares.. plus their fees was like $37.01
pretty much a waste of a transaction fee but oh well.

[347Mike]

biggest risk on these is if the company decides it has too many shares at too low a price then its rm time.

I don't think they get any lower than 0.0001.

[03mustangdude]

I don't see ouch, I see potential profit. lol It consistently bounces from .0001 to .0004. It is at .0002 as of this morning...

biggest risk on these is if the company decides it has too many shares at too low a price then its rm time.

[347Mike]

I don't see ouch, I see potential profit. lol It consistently bounces from .0001 to .0004. It is at .0002 as of this morning...

[Denny]

it has 2 billion authorized shares and just look at that chart ouch.

@ .0001, that's $200,000

CORNER THE MARKET!!!

[03mustangdude]

it has 2 billion authorized shares and just look at that chart ouch.

[347Mike]

I get it now. The stock makes three jumps up in 25-50% intervals so I am thinking if I can get a buyer at the first 25% I will still be happy.

Thanks guys.

[Broncojohnny]

What Al is trying to tell you is that even though you may see a bid of .0003 online, there may not be sufficient liquidity to fill at that price.

Or there may not actually be a buyer at that price.

[03mustangdude]

zecco ftw i'll throw in 500 just to c what happens if i can pick any up at .0001

[Fordblue625]

I am not understanding? I get the first part as I have traded a few stocks this low in the past and my order never went through but I don't get the last comment.

What Al is trying to tell you is that even though you may see a bid of .0003 online, there may not be sufficient liquidity to fill at that price.

[Forever_frost]

Same thing happens on Sharebuilder.

[Denny]

Just the 1-2% off principle amount as mentioned in original post. So it would be $7+ 1-2% on whatever you invest.

I am curious as to what Al is saying though in regards to the stop going up to .0003 but you wouldn't really get that much.

Bro, you got me. I've never traded stock that low.

[347Mike]

I also think the transition is more than the usual $7 on stocks bought below $1 on Scottrade. I'm not sure, but there are some extra fees and restrictions, If I'm not mistaken.

Just the 1-2% off principle amount as mentioned in original post. So it would be $7+ 1-2% on whatever you invest.

I am curious as to what Al is saying though in regards to the stop going up to .0003 but you wouldn't really get that much.

[Denny]

I also think the transition is more than the usual $7 on stocks bought below $1 on Scottrade. I'm not sure, but there are some extra fees and restrictions, If I'm not mistaken.