posted
I attempted to buy USCI. I tried to order and it said "No bid or ask found for this security. Contact your local branch."
What does this mean? I was ready to jump in this stock at .0006. I'm hoping someone here can help me out, as I am obviously new to this range of stocks. Can I simply not buy something with such a low PPS with scottrade?
quote:Originally posted by id4rox: I attempted to buy USCI. I tried to order and it said "No bid or ask found for this security. Contact your local branch."
What does this mean? I was ready to jump in this stock at .0006. I'm hoping someone here can help me out, as I am obviously new to this range of stocks. Can I simply not buy something with such a low PPS with scottrade?
posted
if it is pink sheet, you need broker to enter order for you.
quote:Originally posted by id4rox: I attempted to buy USCI. I tried to order and it said "No bid or ask found for this security. Contact your local branch."
What does this mean? I was ready to jump in this stock at .0006. I'm hoping someone here can help me out, as I am obviously new to this range of stocks. Can I simply not buy something with such a low PPS with scottrade?
posted
I,ve had the same trouble with Scottrade. If a stock doesn't have a bed/ask, and many Pink sheet stocks don't, then you have to talk to a broker on the phone. They say "no sweat" and then put in the oreder for you and then say "oh, by the way, that will cost you $22.50 because you bought it through a broker instead of just buying it on line." Thanks a lot. Now I do most of my trading through Ameritrade, although I'm looking at other brokers, I don't remember the name, but there is one brokerage house that only charges $5 a trade, a lot of people on this site use it.
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quote:Originally posted by cyberrat67: Just out of curiosity, why are you looking at USCI?
I believe this stock will be around for the duration I need it, and I see the stock at one of the lowest points, great for my micro penny play I am looking for...
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That Broker is called LowTrades, been using it for about a month and a half now and I really like it. For the most part 5$ is all a trade costs, and you can buy Pinks without a problem.
quote:Originally posted by STAR GAZER: I,ve had the same trouble with Scottrade. If a stock doesn't have a bed/ask, and many Pink sheet stocks don't, then you have to talk to a broker on the phone. They say "no sweat" and then put in the oreder for you and then say "oh, by the way, that will cost you $22.50 because you bought it through a broker instead of just buying it on line." Thanks a lot. Now I do most of my trading through Ameritrade, although I'm looking at other brokers, I don't remember the name, but there is one brokerage house that only charges $5 a trade, a lot of people on this site use it.
quote:Originally posted by Marcidius: That Broker is called LowTrades, been using it for about a month and a half now and I really like it. For the most part 5$ is all a trade costs, and you can buy Pinks without a problem.
COMMISSIONS AND FEES - COMMISSIONS
Equities $5.00 for market orders placed over the Internet. $5.00 for limit orders placed over the Internet. $5.00 for short sells placed over the Internet. $5.00 for stop orders placed over the Internet. $25.00 for broker-assisted equity transactions.
Additional ECNs and exchanges are available. Rates are $5 for market and limit plus ECN fees. ECN fees are as follows:
AMEX $.005/share**
ARCA $.005/share
ATTN $.005/share
BOS $.003/share
BRUT $.005/share
CHX $.003/share**
TRAC $.01/share
ISLD/INSTINET $.005/share
NYSE $.004/share for market and marketable limits** $.01/share for limit orders subject to floor broker
OTC CHX $.003/share**
PHLX $.003/share
With low trades, does this mean that I am paying $5.00 plus .003 per share fee? On 100000 shares that's 300.00. That can't be right. Perhaps I'm just tired.
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I'm wondering the same. With that info how I read it ($5 + .003/share for my BB/PK) they would charge me $15,000 fee for the 5,500,000 shares I'd want to purchase, which actually cost $3300 total. Woahhh
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