Scottrade Explaination about Cash
Sorry, could not reply yesterday I am limited to one post a day. I have a margin account. When I transfer money from Wells Fargo(and I think the bank you use also has a lot to do with when funds are avaliable) It quickly shows up as 'Total Cash Balance' but not as 'Buying Power (non margin)'. So then I call over and get the manager (who is familiar with me) and ask they release it as 'buying power (cash) since I am sure they want you to trade so they can make money instead of sitting on it. I do this through ACH transfers. Now they always say the same thing about not usually doing this but they always do since they can see the cash is there. Selling is a whole different thing since on Pennies they are at the mercy of when the trade settles and it does take longer on this type of stock.But if you are a flipper, and I am not, then if you have the cash to cover I am sure you can flip all day. I find that Scottrade is very willing to work with you if you are nice and I brought in 4 new people to them recently, all to get in on ERBB. I hope this helps. I am sure there are others that might be cheaper, except that ShareTrader which sounds really expensive on commissions.
On another note I can see the Jurrasic System generating more cash that any division until the Zazzz catches up. The show on Vice last night was pretty bad as it hardly covered much about Colorado Pot sales and the guy they sent was pretty clueless as some have mentioned.
But in my humble opinion as I see the Trees for the Forest, anything around our current prices is a bargain and I have been buying the dips to cost average down on my second set of buys, getting in the first time at .032. Now my second group of shares is about .055. I do this because I see .10-.14 in the next 3 months and at that price will no longer buy but will also not sell. You beat manipulation and MM's by holding long and locking up your shares when you own a stock that has multiple revenue streams in an exploding market.
IMHO of couse and GLTA!
