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Re: bigtoe1963 post# 8968

Wednesday, 11/17/2010 3:48:28 AM

Wednesday, November 17, 2010 3:48:28 AM

Post# of 35087
Just to add to what you said,not contradicting what you've said, I researched the ability to execute after hours penny trading etc many months ago- I've never done so-almost no broker allowed it for pennies.
When they did allow(I believe only one would even allow as per their written materials and I don't know whether it was practical as the broker didn't even know about it etc-I had to point out their written material),there was an ECN surcharge of one half cent/share in their written material-pages of print nobody else apparently reads.

I got a lot of disinformation-many brokers don't know anything about pinksheets/otc-which have dramatically changed and are still changing since 1999.

I was talking to one broker about the 7 pinksheet classes( otcbb had not been separated from pinksheets yet)which he knew nothing about and several times mentioned the otcqx as a pink classification requiring substantial transparency-because he was falsely telling me otc stocks didn't have any reporting etc. He still didn't understand and looked something up and tried to convince me otcqx was a mutual fund!!! So many brokers know very little about the pink/otcbb world.
So in that scenario it would make no sense to trade a stock at this price because the surcharge would equal the price/share and thus double the price/share.

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