Prom Resources Inc (PRMO)

[CTigerHDragon]

Reason why Scottrade makes you use the phone: Brokers notice increased volume on a pennystock so they want to make SURE that YOU are really YOU and that nobody hyjacked your account to pump a stock up or down. Bank of America forced people to call in every time there was interest in a hot penny stock and they only wanted to block illegal MM/shorter games playing with a account that does not belong to them. Now BOA got a "card" that the account owner has and it generates a RANDOM NUMBER that BOA recognizes. So I can buy or sell ANY penny stock any time and NEVER have to phone in again. The problem with BOA is the fees ($7 to $10 on each 100,000 shares traded). I also have TDAmeritrade with unlimited number of shares traded for $10 but much more difficult to transfer money and it takes LONGER and a person can miss a hot trade waiting.

If Scottrade and TDA got the plastic card that generates the random number by pushing the button then you would no longer have to call in.

RELAX and just call when asked to do it - it is to PROTECT your account and undermine illegal MM/short/broker activity.

But I hate giving personal info to them every time I had to call in to identify me.

Some stocks will ALWAYS trigger alarms on every buy such as AGHO .... so not a good idea to buy it cuz something is wrong

imho