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Microcap & Penny Stocks : EDII
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To: loren sande who wrote (93)5/26/1998 8:48:00 PM
From: Jim B   of 2849
 
some brokers REQUIRE CASH to be onhand and available for penny stocks... they are NOT MARGINABLE in most cases.. meaning that you
can't trade on loan...

ETRADE is the same way.. any penny stock (non listed stock or stocks
on the OTC:BB) must be purchased with cash IN THE ACCOUNT..

this is NOT a reflection on just EDII... this goes for ALL pennies;
if your broker is singling out certain penny stocks that he'll let you trade without cash.. and others he won't then you need to report
him and/or find another broker.

jim
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