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larrybaz

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larrybaz

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Wednesday, 09/08/2021 8:06:59 PM

Wednesday, September 08, 2021 8:06:59 PM

Post# of 118276
Blast from the past. I was shredding a bunch of papers and came upon a confirmation from 1996 from Scottsdale Securities. Under their name, it reads, "Discount Broker". I bought 1000 shares of Metro Tel Corp at $1. The commission was $63. I wonder what a full-service broker would have charged???

It's a wonder anyone made money back then aside from the brokerage houses.

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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