Replies to post #8184 on Hall of Fame Beverages, Inc (HFBG)

[flick]

Mike,

Scottrade will let you trade stocks worth $4 or more, without the waiting period. They say that's because the cheap stocks are more risky.

Yeah, right!

[ozzy52]

The transfer doesn't happen immediately. Scottrade essentially loans you the money you transfer in for the day or two it takes for the money to actually transfer from your bank account to your Scottrade account. Can you really blame them for not wanting to loan you money to buy a bunch of stock that's down 70% or so in about a weeks time and is valued at less than a penny a share?