ULTRA-PENNY LOVERS, LOOK AT MAMA! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ULTRA-PENNY LOVERS, LOOK AT MAMA!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alan Coccio who wrote (10)	5/16/1996 5:13:00 PM
From: Kai Chung	of 62

I have an account with Etrade and it too does not allow me to enter stock orders with decimals, only fractions. But according to their entering a trade policy (and I am sure with other brokerages as well), it will buy or sell at limit or better. So if I were to enter a buy at a limit of say 1/32 for a stock, and the current ask is only 3 cents, I should get the "better" of the two prices, .03. And it should work in a sell order, your limit or less. Since this is their stated policy how come Etrade will not execute for me at .03 but at 1/32? The best answer I received from them is that the price gets rounded up or down when it gets displayed on a quote server thus it was rounded down when displayed but actually trading at 1/32. But BB stocks do trade in penny increments. How do I and other investors get recourse when we don't get the "better" price? I bet Etrade keeps the "better" for itself. How can it explain all trades during the day were in penny increments but since I couldn't enter a price in decimal I have to pay .00125 more per share? Best of luck, Chung

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next