Replies to post #21792 on Bioelectronics Corp (BIEL)

[gman22]

Yes. You can open an account and only trade pennies. Be aware they won't let you trade for probably 3 days or so until the funds settle....supposedly. I say that because everything is electronic now with banks, therefore it should clear in an afternoon or a day at most....but it doesn't. Also very difficult to flip with pennies as it takes several days to settle once you sell and want to buy back. I even have a margin account.. Still hard to do if stock is not valued over $3.

[Supernova12]

Your welcome Jimzin. I currently have (4) accounts: ST, TK, TDA, & Zecco; I have had trouble at some point trading BIEL with all of them in the past until Scottrade pulled ahead of them all and I mainly only use ST now. Zecco is great, but it did not support normal trading for BIEL. There is a connection with ST and NITE, the Market Maker (MM). If you day trade, watch for wash sales and use Trade Log software along with a good CPA to keep track of over thousands of trades including the wash sales. You can open an ST account I think for $500 but a margin account is $2000 minimum maintained. You can trade virtually any stock, but they may still have a restriction list. You can make direct deposits from your checking account called ACH deposits, but they take (3) business days to clear for any stock under $4 per share, but any stock over $4.00 may be traded instantly. (There is also pre-market trading & after hours trading available, but ST does not allow that for BIEL unless maybe directly through a broker for $29 fee? Maybe someone else has done this?