Scottrade and Sub-penny Stocks

[347Mike]

When prices are that low, make sure you can actually trade it. It might say you can get .0003 for it on the website and triple your money but that doesn't mean you can.

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.

[Broncojohnny]

When prices are that low, make sure you can actually trade it. It might say you can get .0003 for it on the website and triple your money but that doesn't mean you can.

[347Mike]

I tried placing an order for a sub penny stock ie .0001, but it threw me an error and wanted me to call to make this purchase. Does anyone know first hand if they will let you purchase these stocks? I tried reading didnt find anything. I don't want to call because Scottrade already charged 1-2% on top of their transaction fee and if I call it will be another $35 dollars. If the stock doesn't move after a day or two I don't want to be out $150 bucks just on trading fees...

Before anyone starts with the price of the stock, I am taking a SMALL gamble with a small amount of money. The stock has been consistently hitting its support and resistent lines. GRBT is the symbol for anyone curious.