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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: SkyDart who wrote (16221)11/25/1998 5:35:00 AM
From: Maakamil  Read Replies (1) of 119973
 
No SOES trading on the Power E*Trade site. The best trading firm that I know of that allows SOES trading is the All Tech Trading Group. Similar to what E*Trade is doing. Free level II with enough trading.

Ultimately, E*Trade is cheaper (unlimited # of shares for a flat rate), but I think you'd get better executions through All Tech.

Don't forget - All Tech gives you Direct Access - you literally compete directly with the MM's in your buying and selling. You can enter your orders on Instinet without going through a retail trading desk like E*Trade or Schwab.

50k minimum for All Tech. 100k is recommended. I think they were about to go to a 4 - 1 margin account, giving you 400k purchasing power on a 100k account! Better know what you're doing--you could get into trouble fast on that one!
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