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madchem

04/17/09 11:25 AM

#120195 RE: E 227 #120188

Thanks. Do you know why? That seems like a trading disadvantage? Do other online brokers follow a similar practice?

Last post of the day. GLTA
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Groundhog1210

04/17/09 11:34 AM

#120212 RE: E 227 #120188

Concerning Scottrade, I tried to buy when volume spiked over 100M, and received the message I need to call my local office. I did, they executied the trade for the Internet commission rate and that was that. It was lifted a day or 2 later.

They also have a restriction on money deposited into the account about not allowing purchases of stocks less than $4 for a few days. I have a "margin account" and still am subject that that hold. If I sell another stock, those funds are immediately available to purchase under $4 stocks.

Understanding these nusances, I still like Scottrade a lot.
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drifterfcrc

04/17/09 11:43 AM

#120221 RE: E 227 #120188

Trading was NOT HALTED ever with Scottrade. There are BUY restrictions meaning you have to CALL your order in is all. You could always SELL on-line and never a restriction of any type with EESO.