I just recently opened an account with mytradz.com, and i have not been able to buy any amount of shares of QBID. it always says "you do not have sufficient cash buying power to make this transaction"
i try to by even 1,000 shares with $3,000 in my account and it tells me this. is there some minimum requirement to purchase large lots of QBID? i went ahead and spent it on another pick i like which is PLKC and the purchase went fine. anyone else out there holding PLKC? is there some 25,000 dollar mimimum on super small stocks?
I use Scottrade and I know for any Pink Sheet stock I have to call it in to be placed by a broker. Mytradz may be like this. I noticed that PLKC is an over the counter so this makes sense. Call mytradz and I'm sure they'll help you out.
Best of Luck.
------------------ Memphis
Posts: 134 | From: Memphis, TN, USA | Registered: Feb 2004
| IP: Logged |
posted
I use mytradz and that happened when I put a GTC limit sell order one time (weird huh). I called and talked to Dan and he fixed it. I put the order in after hours and he thought that might have something to do with it. I would talk to Dan the number is on the website. Greenhorn
Posts: 67 | From: Hamilton, Montana | Registered: Jan 2004
| IP: Logged |
posted
CashCowMoo: Try putting the order in for an even amount. Like if the order is for 429000 shares try changing it to 400000 or 450000 It works for me when I get that message. Bill
Posts: 551 | From: Wisconsinite | Registered: Oct 2003
| IP: Logged |
posted
CashCowMoo: I re-read your question and seen you did the even amount. Some one on this board said that the max for the $9.95 for number of shares was 1 Milion shares, but when I was looking for a new broker I emailed them on how many shares I can buy of ctkh with the $9.95 and they told me up to 500000 shares. Qbid @.004 = 750000 PLKC @ .08 = 37500 This could be the problem. Take care! Bill
[This message has been edited by SmokingUSA (edited April 11, 2004).]
posted
mytradz has a limit of 250,000 shares per trade, which is kind of bad for the micropennys where you might buy more then that. Lowtrades is 500,000 shares per trade. I bought QBID with mytradz about 3-4 weeks ago and had no problem. Wish I would have bought more then I did. I bought 100,000 shares at .0028. Greenhorn
Posts: 67 | From: Hamilton, Montana | Registered: Jan 2004
| IP: Logged |
posted
greenhorn: They told me I could buy up to 500000 shares! But to tell you the truth I've never actually ordered more than 150000 shares of one stock at one time any ways. I had no problem with them with 150000 of QBID @ .0033 I'm still going for 500000 shares total. Thats if it doesn't start flying big time by the time I get the cash flowing! I'm still going with what they told me of the 500000 shares, I'll find out when I actually try doing it. Bill
Posts: 551 | From: Wisconsinite | Registered: Oct 2003
| IP: Logged |
posted
greenhorn: I SCREWED UP. MY MIND SAID TRADING DIRECT, YOU GUYS WERE TALKING ABOUT MY TRADES! ALSO THE PERSON WHO SAID TRADING DIRECT IS up TO 1 Million for $9.95 was correct according to their web site not the 500000 they told me when I was looking to open an account with Trading Direct. The following is from their web site. SORRY!! FOR NOT TAKING MORE TIME TO READ!OR TO ALLOW MY BRAIN TO KICK IN! Take care! Bill
Stocks
* $9.95 for up to 1,000,000 shares, placed over the Internet, regardless of order type, for exchange listed, NASDAQ, bulletin board, and pink-sheet stocks. * Broker assisted equity trades will be charged a flat rate of $29.95 per transaction. * For stocks that are dually listed on both the NASDAQ Bulletin Board Foreign market (five letter symbol ending in “F”, i.e. ABCDF) and foreign stock exchanges or markets, the commission charge will be $59.95.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
