InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,695.94
(
-0.96%
)
US TECH 100
19,357.20
(
0.38%
)
Dow Jones
41,954.24
(
-0.94%
)
Brent Oil
79.19
(
-2.16%
)
Bitcoin
62,519.58
(
0.48%
)
Post# of 162835
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

nsomniyak

Send PM Follow Ignore
Followers 296
Posts 21336
Boards Moderated 18
Alias Born 07/25/2003

nsomniyak

Member Level

Re: pennystockbrad post# 113983

Tuesday, 02/26/2019 5:54:37 AM

Tuesday, February 26, 2019 5:54:37 AM

Post# of 162835
More specifically - do you have ONLY penny stocks in that account, or do you have some higher price stocks there too?

If the latter, you are not buying penny stocks on margin, you are simply buying them in a margin account. In actuality, you are borrowing against the truly marginable stocks you hold and using the borrowed money to buy a penny stock.

This is common. I do it all the time in my Schwab account. Not sure if this is your situation but it is far more likely than ETrade allowing you to buy a penny stock on margin.

If I could afford to buy all of them, I would not need to buy any of them and I sure wouldn't be spending time on the message boards!

Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Detailed Quote
InvestorsHub NewsWire

Unitronix Corp. to Invest $3 Million in USA Unity Coin Project • UTRX • Oct 7, 2024 7:08 AM

North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM

Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM

Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM

Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM

SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM

Start posting your company's news
Only $200 per official company press release!