News Focus
News Focus
Followers 6460
Posts 164215
Boards Moderated 5
Alias Born 06/04/2009

Re: MRDALE post# 2348

Wednesday, 08/15/2012 1:35:46 AM

Wednesday, August 15, 2012 1:35:46 AM

Post# of 245801
g/m MRDALE >

Scottrde responded with the following,
though they really didn't address the question.
I'll persue it further, and let you know what I find out.
______________________________________________________________


From Scottrade:

> I am writing in response to your recent message concerning orders for less than $0.0001.
I am not sure if other firms allow you to enter prices under this level. If the ask price is $0.0001, it will more than likely display no bid price. If a Market Center is not displaying a bid price, Market Centers are not willing to buy the stock making a security illiquid.

The bid price is the price a Market Center or broker is willing to pay for a security or commodity. The price at which another Market Center or broker is willing to sell that security is called the ask price, and the difference between the two prices is called the spread.-


_______________________________________________________________

> Did you know that,
a stock that has a Bid 0.00 _Ask 0.0001,
can, and is,

traded between those two numbers?

(0.0000 thru 0.00009)<-- 5-digits

Q: what brokers sell stocks between those two numbers?

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today