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Re: trade2much post# 7059

Thursday, 04/27/2006 4:15:47 PM

Thursday, April 27, 2006 4:15:47 PM

Post# of 115222
Scottrade does not allow GTC orders for more than 3 times the current price for stocks under $1. That only means once set, one must reset the price during a run-up. Which means that you can't just go on vacation and come back in 3 weeks to check your portfolio value.

Don't know why they have that policy, except maybe to prevent setting sell orders that take shares out of the lending pool.

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