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Old 01-04-2011, 06:35 PM   #1
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Default Penny Stocks

Any of you guys trade penny stocks? If so, what site do you use? I started off with Ameritrade because of it's tutorials and basic guidelines. I think I'm ready to graduate to a less expensive site. There's all kinds out there, Zecco, e-trade......what are the pros and cons of them?
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Old 01-05-2011, 11:37 AM   #2
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Read the account contract on those various company's. Usually when trading a stock under a certain value, there is a whole different fee structure for those trades. I day trade on the side (never penny stocks), and have used Scottrade for 3 years. Always pleased with there service, plus they have a local branch on South Palafox that's not far from my office. Good folks....
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Old 01-05-2011, 11:39 AM   #3
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I 2nd the Scottrade recommendation! Used them myself for years! $7 online trades, lots of ETF's
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Old 01-05-2011, 04:11 PM   #4
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Only bet(it's gambling) as much as your willing to loose. remember when buying 10's of thousands of shares of penny stocks, there always has to be a buyer when you want to sell at a higher price, sometimes stuck with alot of shares even though you made money on paper.
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Old 01-05-2011, 04:41 PM   #5
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You can do VERY well in this area. Do your home work!!!!!!!!! follow the stock for awhile before you buy.
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