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:

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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?

Thanks for any help, loving this forum,
brian

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CALL AREA OFFICE--PHONE TRADE

quote:

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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?

Thanks for any help, loving this forum,
brian

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quote:

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Originally posted by cyberrat67:
Just out of curiosity, why are you looking at USCI?

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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...

quote:

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Originally posted by id4rox:
Will the same go for when I sell my stock?

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quote:

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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.

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quote:

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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.

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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.