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 : EDII -- Ignore unavailable to you. Want to Upgrade?

To: loren sande who wrote (93)	5/26/1998 8:26:00 PM
From: PatiBob	Read Replies (1) \| Respond to of 2849

I bought shares today and my broker didn't say anything about cash. He just took the order and gave me confirmation that the order was filled. Maybe its the brokerage firm that you are using. Has anyone ever had a similar situation? pat

To: loren sande who wrote (93)	5/26/1998 8:48:00 PM
From: Jim B	Respond to of 2849

some brokers REQUIRE CASH to be onhand and available for penny stocks... they are NOT MARGINABLE in most cases.. meaning that you can't trade on loan... ETRADE is the same way.. any penny stock (non listed stock or stocks on the OTC:BB) must be purchased with cash IN THE ACCOUNT.. this is NOT a reflection on just EDII... this goes for ALL pennies; if your broker is singling out certain penny stocks that he'll let you trade without cash.. and others he won't then you need to report him and/or find another broker. jim