Replies to post #3214 on Delta Mining & Exploration (fka DMXC)

[Durkkdiggler]

Its like trading any stock. Only thing that can cause a delay is with pinks, there is a grace period for checks to clear. I forgot how many days, 10-14 maybe????? regular stocks can be bought right away. 14.99 a trade if I remember correctly and if balance is under 2k, there is a 15.00 service charge every 4 months =/


Diggler

[OriginalFred]

Logickle, Ameritrade charges $10.99 for pink sheet trades just like any other trade. You have to use a limit order, and the order will usually not be executed until the end of the day, if at all. Selling presents the same dilemma. You have to put in a limit order and hope that there is a buyer around to take it. Since the thinly traded pink sheet stocks do not have a bid and ask, the price you choose on your limit order is a guess. If you are patient, you can usually wait for someone on the other side who is in a rush, and you can get a favorably priced order filled.

Remember, most pink sheet stocks are TOTAL SCAMS. Your risk/reward is MUCH BETTER in Las Vegas. In fact, most penny stocks cannot even be considered "gambles" because they are guaranteed to lose. You will tend to only hear about a penny stock while it is being pumped so that you can buy in time for the dump. When it does dump, the message board idiots will always blame the "paid bashers" and the "naked shorts". Penny stocks always have a great story that never quite pans out. You will hear about a big winner once in a while, but they are one in a thousand. The chance of YOU picking the big winner before it happens is close to zero.