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Microcap & Penny Stocks : Trading 101

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To: Ga Bard who wrote (25)	3/27/1999 8:48:00 AM
From: Ken Johnston	Read Replies (1) of 406

I've begin reading this thread from message #1 and came across the following from GaBard: "Multiple orders on the same stock you only get charge once a day for comission." Is this really the case? I use an online discount broker with $12 trades up to 5K shares. I made the mistake of putting a buy order in for 10K and got slapped with $100 commission (1% of total so you know it was a penny stock ;-). Lesson learned. I now do buys in blocks of 5K to get the $12 commish so that a 10K buy has a $24 commish instead of $100. Am I missing something here? Or just with the wrong broker? Looking forward to the next 300+ posts....Ken

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