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Hey BigTrader, about a month ago I tried to buy more shares of BIEL with my Zecco account and got rejected. They wanted several hundred dollars to make the transaction and I said "forget it". I transferred all of my BIEL shares to Fidelity with no problems. Zecco will charge a $50 fee for the transfer, money well spent to make buy/sell transactions on BIEL without restrictions.
I have the same concerns as you which is precisely why I am moving my trading with another broker. The current situation with Zecco is unacceptable. I don't want to be stuck not being able to sell BIEL if it makes a nice pop.
I initially opened a Zecco account for the sole purpose of trading pennies, especially BIEL, and now with this rejection to place orders, I'm having to find another broker to transfer my holdings. Zecco use to be quite a deal, but with their recent fee increases and refusal to handle penny stocks without tagging on huge charges makes them a much less desirable of a broker to have. It seems BIEL has found fairly solid support at .005 and it's has been real frustrating trying to buy on some of the dips below that with the rejected orders. Thanks everyone for your feedback.
Hello BIEL Investors, I've been long in this stock for quite a while and like everyone, awaiting a breakthrough with the FDA approval so we all can make some money. I was curious if anyone has had any trouble buying BIEL from their broker? I use Zecco which has been good, but recently they have rejected "buys" because of a change in the way they handle trading this stock. Basically, they want to charge a substantial sum to handle trading BIEL because they claim it can only be handled manually as a paper trade and not electronically. Zecco stated the fees for handling BIEL trades can now be in the hundreds, and not the usual $6.95 fee for stocks trading for less than $1.00. Obviously this is totally unacceptable, is anyone else having this issue? If you have a Zecco account with BIEL stock holdings be aware the game has changed with them.
Champ, I agree. I few a few million reasons for wanting this to GO. I still like the fact that the stock has found a support level, and not continue to drop.
Hey Champ, I don't think anything is going to happen until the company releases some news. No news, no movement. The good thing is at least the stock has found a support level of .0008 to .0009, and has not drifted lower from the lack of press releases.
I know the numbers zino, obviously any sub-penny requires billions of float for there to be any viable action in trading. Hey, high risk/reward is what this is all about, otherwise, why are you here?
Oblivious,news (or lack of) has been what is driving this stock of late. Being a newcomer, I really like and believe in this new technology and I also believe there is a LOT of money to be made on what I think of as "Obamabucks". The current administration will be pouring Billions into new (green) technologies, twice what happen during the dot-com era, so this is BIG BUCKS. For us, we need to do our DD and latch onto one of these companies that has the the potential of making us ALL rich, if, we are in on the ground floor, and at the beginning, such as with SYMW. I am long and buying at .0009 and .001 at every chance I have the extra bucks for. The last couple weeks seem to indicate .0009 is the support level, so that is the (buy) if you're wanting in. Personally, I feel like this like a dot-com era type stock, has the potential to explode, and make us all some serious money. We need patience.
What supplement? I didn't see any news release about any supplemental report, so Sho-Nuff clue us in on what's going on.
Hey, this stock obviously has the potential to reach that level (.015) and much more. Just two years ago it was trading between a $1.30 and $1.80. What I've been trying to figure out is why did this stock or company crash to the level it's at now? Does anybody know what happened? Also, we can conclude the fundamentals of the company are weak because since the market has rebounded from the meltdown, SYMW has not come back anywhere near .015. I know the focus needs to be on where a stock is going, but a little history on where its been does help us learn and maybe fill-in the blanks.
Fidz, I agree. This will be a quick bump and develop into a new support level. There has already been a big swing today, probably the flippers/day traders. However, this is great news and maybe our last opportunity to buy at a good price.
HowHI, it's going to be a long time before combustible engines go away and electric is the norm. I think we will have plenty of time to make some serious money on this stock. American car manufacturers are way behind, at least several years, from mass production of hybrid/electric cars that are affordable for the average person. So, IMO biofuels will have a market for quite a number of years, especially with the big stuff, as you pointed out. Go EVFL!!
Brokeman, what kind of intell do you have that EVFL is a bust?
Telling us that your PI found out "stuff" and leave us dangling like a fish doesn't help us make money. Also, why would you invest money in a stock without doing your DD? High risk/high reward is why we are all here and personally I'm staying long on EVFL, the payoff potential is much better than any lotto ticket.
CallMeCarrieAnn, local knowledge on SYMW, wow! Hopefully you will be able to keep us posted on any news that doesn't make it to the national level.
The stock is moving up nicely today which is the good news but the bad news is for several trading periods I have been locked out buying any more shares because being a Scottrade acct holder they have it listed on their No Buy/Sell Only list. I called my broker today about this problem and they have no intentions on lifting this restriction because BIEL and many other penny stocks might be "pumping and dumping". Although I have found Scottrade good to work with, it is unacceptable for them to control my ability to buy or sell a stock that I believe represents value to me. Therefore, I am opening an account with Zecco today so I can continue building my position with BIEL and a few others. I am writing this post just to share a fact, if you are a Scottrade holder and want to trade pennies you might want to consider a different broker, IMHO.
Pray, could you elaborate a bit on what you mean by "borrow shares" for flipping? This sounds like selling short? Which I believe most brokers will not allow on these types of stocks.
It is interesting that you sold quite a lot at .0002, maybe something is finally changing? Although it seems like there isn't any problem getting orders filled at .0001.
Yeah, Thanks Euro007 for the welcome. I guess logic sometimes does not apply for trading stocks. The only reason anyone would get into a .0001 stock is to shoot for the high risk big win so if you need the money why would anyone be playing
with a sub-penny?
Just curious, 60mm shares is quite a lot so why did you dump out at .0001, and did you try a higher asking price?