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Microcap & Penny Stocks : Greenland Corp. (GLCP) -- Ignore unavailable to you. Want to Upgrade?


To: Mark Riley who wrote (191)4/29/1998 9:18:00 PM
From: Chris O'Keefe  Read Replies (3) | Respond to of 2278
 
To All: My question is off topic, but as the stock in question is GLCP, I'll give it a try here.

I'm in my first year of investing and having a lot of fun. The emotional rollercoaster is still something I'm trying to handle, but that's another story. I use Ameritrade to buy/sell.

Anyway, while cruising SI today, I caught word of GLCP and when I checked its price it was around .09 cents at that time. I had a strong gut feel about the stock and I wanted it, however, I immediately calmed down because with Ameritrade, during peak hours of the market anyway, it's not uncommon to experience an 8-minute wait. So basically, I was a sheep and didn't act right away, and my day went on.

I later did buy shares, some at .13 and others near the close at .17. But I'm posting because I'm disappointed with myself for tolerating a broker that makes me wait 8-minutes to get a stock I want Now.

I'm satisfied with Ameritrade's web page ordering, however, I can not use it for penny stocks--I have to call in and place my trades with a person.

Please advise--or perhaps everybody has to put up with a wait and I just don't realize it?

Thanks in advance,
Chris