Replies to post #1762 on Fuego Enterprises, Inc. (FUGI)

[ReLoad25]

The company needs to do whatever it can to get it easier to trade, especially with ameritrade...

[Squeegee_1]

The spread is simply the net effect of extremely low volume. The MMs make their money off the spread... Low volume equals big spreads, high volume equals smaller spreads.

Do a simple market scan for stocks trading below 1.00 with average shares traded set below 50,000/day. My results are well over 500 stocks with similar spreads. No biggy...

Use this time to jump the bid and try to snag shares at .56 while NITE is at .55.

[Thinman13]

The Scottrade "phone order only" situation should be lifted shortly. Scottrade has an automatic system in place for disallowing phone in orders on penny stocks that suddenly experience extraordinary volume. This came about because of the hacking incident in August of 2006 and it is an intelligent proactive safeguard Scottrade put in place. If it had been in place before the incident, the situation may have been avoided.

The bottom line is Ameritrade needs to get the message in their pocketbook. If you have an Ameritrade account then close it and switch over to Etrade, Scottrade, Schwab or someone else. Anyone else.