Replies to post #5207 on World Surveillance Group Inc (fka WSGI)

[Squirt]

DOGFACE

Scottrade is OK as long as you're not talking stock prices under $1.00 and a whole lot of shares. The premium for a buy/sell of these shares is one half of 1 percent.

Example: if you buy/sell 100K shares of a stock a $1.00 or more/share, the commission is $7. If the share price was 99 cents, the commission is $502. Big difference, eh? It's a rip off. I guess they figure people who buy BB stocks are dumb. :>)

Currently many of my stocks, including GTEL, are with Scottrade, but I'm going to open an Ameritrade account solely for my GTEL holdings if what I heard is true about their charging a flat commission for unlimited quantities.

Of course, it might not be necessary if GTEL takes off and hits the $1.00 mark before I get the chance. :>)