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Penny Stocks on Etrade

Posted on 1/13/09 at 10:27 am
Posted by LSUbrees
MS
Member since Sep 2004
2290 posts
Posted on 1/13/09 at 10:27 am
How do I buy them, it won't let me. Anyone know?
This post was edited on 1/13/09 at 10:46 am
Posted by clamdip
Rocky Mountain High
Member since Sep 2004
21236 posts
Posted on 1/13/09 at 10:30 am to
i can do it. which stock? be sure to use limit orders - brutal bid/ask spreads!
Posted by Doc Holliday
Metairie
Member since Jul 2007
46 posts
Posted on 1/13/09 at 10:37 am to
I also can buy penny stocks on Etrade. But be afraid, very afraid. It's not a buy and hold game.
Posted by CAD703X
Liberty Island
Member since Jul 2008
92441 posts
Posted on 1/13/09 at 10:41 am to
quote:

How do I buy them, it won't let me.


Do you have the 'protect me from myself' option enabled?
Posted by LSUbrees
MS
Member since Sep 2004
2290 posts
Posted on 1/13/09 at 10:44 am to
BNPD, I put Limit. Do I put the price of the stock or dollar amount that i am investing
Posted by TJG210
New Orleans
Member since Aug 2006
29323 posts
Posted on 1/13/09 at 10:49 am to
You put the limit you're willing to pay for the stock....individual share cost....
This shouldn't be new if you've done any investing at all, if you're doing market orders for any stock chances are Wall St. is bending you over.
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 1/13/09 at 10:53 am to
quote:

Do I put the price of the stock or dollar amount that i am investing

brah, if you don't know this, I recommend staying in cash until you read a few books.
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