Micro-Penny Plays - Less than a $.25 Message Board

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Microcap & Penny Stocks : Micro-Penny Plays - Less than a $.25

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To: Ellen who wrote (520)	4/6/1998 6:57:00 PM
From: William B. Curtis	Read Replies (1) of 753

I've looked at several on-line trading accounts, and the relatively high commissions plus the premium eats up the value. $200 of stock at .005 is 40,000 shares. Add Discover's charge of $25 plus 2.75% of the gross, and you have $61 in buying and selling costs. And that is the best I've seen so far. Buying a larger volume sounds good, except most of these micro's don't move enough to trade 200,000 shares (only $1,000). It takes a nice climb in price just to get even. Is there an on-line with better prices? Suretrade will only trade to 1/32; ditto Datek.

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