Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
hello Wisconsin!!
lol i guess it depends how you look at it. i was talking about a broker that would let me trade the stock and you're talking about other people on this board flipping the stock. IMO of course.
I never meant to imply that it had ANYTHING to do with TOFS as a stock. A couple of the brokerages that I spoke to alluded to the fact that they were tightening up restrictions on many, if not all penny stocks.
It would be pretty ironic/awesome if TOFS themselves could solve the problem of me not being able to transfer/trade TOFS! :)
Since I'm not as experienced as you and some others I don't have as good of an understanding of what they will be doing. So you're saying that one of their functions will be as a brokerage?
You just contact the brokerage you would like to transfer to and they will set it up. Basically they just request your account from your current brokerage and the transfer process can take 7-10 days. I will tell you though that alot of brokerages have recently begun being lame about penny stocks though and told me they would not be able to transfer in my TOFS and PGI* holdings...yes this despite what some of the "nice" folks on this board said. (that I was fear-mongering lol)
Finally yesterday I found that Charles Schwab and Interactive Brokers both said they would do the transfer with no problems. 4 other big name brokerages told me 'no'.
If I were you I wouldn't take my word for it, go to the websites of the different brokerages and chat with their support people and ask them if they would be able to transfer your TOFS and whatever other holdings and then if they can verify that you would be able to actively trade them (so far Zecco is the only one I have heard who is not allowing opening new positions in some pennies like TOFS).
Then report back here and be reviled as a liar and fear-mongerer..erer... lol
I'm logged in but it will be a week before my account is transferred so maybe thats why I can't access the Street Smart platform yet.
I can't find their real-time quotes anywhere, do you have to pay for them?
Thank you again Roachita :)
Finally found a couple of brokers who said they would allow me to transfer my pennies in and actively trade them. Charles Schwab and Interactive Brokers. What do you guys think of them? Any preference one over the other?
That is helpful, thank you.
What would that mean for us?
Called TDAmeritrade and they are saying the same thing Etrade said. Their "Risk Analytics" department won't let them allow me to transfer my holdings in TOFS (or my other one PGI*). So I'm 0 for 2 on finding someone to transfer me out of Zecco.
Has anyone talked to a brokerage that definitively says "Yes, you can transfer these pennies to our brokerage."?
Are any of the brokerages offering any deals on trading fees or free L2 packages, etc?
They said its NOT on the non-DTC list so yes we should be able to avoid that fee.
I just want to pick the right one if I'm gonna go through the trouble of having my account in limbo for a few days during the transition.
I don't know anything about Interactive Brokers and only a little about the others.
I heard someone else say this morning they were having Scottrade trouble. I've heard lots of positive about TDAmeritrade though. Etrade was giving me hell the other day about transferring my account over to them so I think I'll rule them out for now too.
So who is the company Cent? And how does this alter your projections? :)
Yeah Kilo can we get a link? :)
lol! could you be more cryptic??? :)
Thanks Ryan, after reading what a few posters here had to say Friday I went ahead and placed the order regardless of the warning. I'm hoping its like you say! :)
raddoc,
thanks for the PM, i appreciate what you tried to do and i read it before it got deleted. :) i'd PM back but i'm on a free account right now until TOFS blows up :)
at least we can probably agree on a mutual hatred of all things minnesota/chicago
i don't know if i'll have time to watch them, i've got too much fear-mongering to do!!
I also think the Lions will win 9 or 10... IF Stafford stays healthy. He's playing great and that defensive line with Suh is ridiculous. Starting to look like a 3-team race for the division this year.
Thank you Phil! I really appreciate you being helpful unlike a couple of the other characters here. All I wanted was some advice from the experienced traders on this board. I freaked out Friday morning as I had been fighting with the brokerage for 2 days trying to find a wire transfer that I sent them so that I could buy one last round of TOFS hopefully before it popped. When I finally had the chance to get in I was shocked when I saw that message on my trading screen. I have only been trading a few months and I don't know all the games and crap that the brokerages play.
Once again thanks for the advice, I'm going to check out both Ameritrade and IB on Monday and hopefully I can get my holdings out of Zecco without them trying to hit me up for that ridiculous fee.
On the other hand if TOFS blows up like we all think it will then I guess that would be kind of a small price to pay. :)
Have a great weekend!
i'll find you here again after my Packers take care of Detroit twice this year :)
which is what the first etrade rep said to me, their exact words were something along the lines of "we can't transfer an OTC stock and we can't guarantee that we could trade it for you" whatever the hell that means.
i'm in long and definitely patient. looking forward to big things with TOFS :)
thanks Maestro!
i don't know, several of the experienced ones here seem to think that it's pretty likely. i think they are right and thats why i'm all in on this one.
thats a good question, i'd love to hear some big numbers to dream about :)
hey pharoah how about i send you a screenshot of my zecco order and you publicly apologize?
Mary Toussaint: Yes, Mr. xxxxx. Did you have additional questions for me?
mike xxxxx: why is it that i know a dozen etrade users who are trading this stock currently and you are telling me that i can't transfer it in and trade it ?
Mary Toussaint: No worries. My apologies for the inconvenience, but It is a stock that cannot be transferred to us because we do not accept Over-the-Counter transfers.
So, eTrade will trade it but not let me transfer it?
zecco has been fine for me until this morning also
two separate etrade customer chat people have now told me they won't transfer the stock in. and until this morning zecco was fine too...is this something that just happened?
Mango does your Zecco account give you the non-DTC message if you try to put in an order for TOFS?
OMFG why is everyone here so paranoid?? I'm trying to put my last $750 into this stock and trying to find a way to do it, NOT trying to scare anyone out of TOFS. I would say some other things to you but my post will get deleted.
In closing, I just want more TOFS!!!
etrade customer service chat:
Kenyatta King: For ticker TOFS, we would be unable to accept the transfer of shares as it is not a listed security