Silicon Investor (SI) -- The First Internet Community

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 : The Henley Group, Inc. (HNLY) undervalued growth company -- Ignore unavailable to you. Want to Upgrade?

To: Foxbat who wrote (677)	3/3/1998 10:33:00 PM
From: ChrisJP	Read Replies (1) \| Respond to of 2232

Hi Foxbat, If you're using Schwab web trading you can do it (meaning there's no person to stop you), but don't tell Schwab you did it, they'll get mad. (your secret's safe with me). The problem with web trading with pennies is that its costs $29.95 for 1000 shares. When a stock is only .20, that's a lot to pay per share. Above 1000 shares it's even worse -- .03/share. That's OK if your buying a $20 stock but in pennies you get eaten alive. If you call Schwab to place a penny trade, its about .01/share .... but then they won't place the purchase unless you have cash in your account !!!!!! In conclusion, if you're big into DAY TRADING pennies, Schwab is not the best broker to use. Otherwise, their execution (meaning the price you can get for the stock) usually more than pays for the commission. Regards, Chris