SI
SI
discoversearch

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 : WR, LB and Friends. NO HYPESTERS OR SCAMMERS -- Ignore unavailable to you. Want to Upgrade?


To: Tom Allinder who wrote (1639)3/7/1999 3:53:00 PM
From: Wayne Rumball  Read Replies (1) | Respond to of 13776
 
That's the way to do it, have a real human that know's what's going on.

My broker still having trouble with WINE and I sold it weeks ago. Back room threatening to make me buy it back because Sterling partners required certs to be delivered instead of an electronic change

Anyway, he keeps the faith and figures I know what I'm doing (LOL)



To: Tom Allinder who wrote (1639)3/7/1999 4:04:00 PM
From: Zeddie88  Read Replies (1) | Respond to of 13776
 
Tom,

Thanks for the insight on NDB. I was just looking up Web Street and they look pretty good with $29.95 self-updating quotes and low commission rates.

Anyone have anything good or bad to say about them?

Thanks.

Sue



To: Tom Allinder who wrote (1639)3/7/1999 4:49:00 PM
From: kathyh  Read Replies (1) | Respond to of 13776
 
Hi Tom, I use Scottrade, they are $7.00 for listed stocks (online trades), OTC are $22.00 plus .02/share and they have to be done on the phone...

I used to think this was very expensive, for example, 2000 shares of OTC would be $62. So It's definitely not worth it with commisssions like this to buy only a small amount of a stock, I was reading Friday where people were buying 100 or 200 shares of things, I couldn't even make up the commissions for small trades like that, unless the stock moved a bunch!

While OTC's must be placed on the phone, I have never had to wait more than 20 seconds to place a trade. The phone is picked up by the 2nd or third ring; Usually by my local broker, occasionally call volume dictates that the call is forwarded to a national call center, but either way, I have never had a call-in order take more than 2 minutes from placing the call to seeing the order executed on my screen.

So although it seemed very expensive to me at first, I realize now, that sometimes seconds count when trying to sell a falling BB, (or buy a rising one) so I probably make up the commission by being able to sell quickly and get the higher bid (or lower ask as the case may be).

On line executions seem instant; by the time I push the "submit" button, then click on "order/executions", it will usually have moved from order to execution already. Those are $7.00 and I have never had a problem on-line either, even on very busy days.

Just my 2 cents worth, thanks to everyone for sharing their experiences, because I would like to find cheaper online OTC capability, if I could keep the quick executions and great customer service I have now.

BTW, for the poster considering Webstreet, I have seen it discussed quite a bit on Daniel Miller's thread, if I recall there were some people having problems...but check it out.

Kathy