Once again you are misinformed.
stocks above $3.00 are considered marginable if you have enough equity in your account. in some cases they are subject to a negative equity multiplier if they fall below $3.00, but the $5.00 marginability notion is a myth. folklore.
Our conversation was about ACTC but as long as you brought it up, WS considers any stock under $5 to be a penny stock.
Funds and institutions generally aren't allowed to or don't buy them or hold them in their portfolios and as far as I know they can't be margined.
Check with your betters as to WS's definition of a "penny stock."
Your cocky attitude reminds me of an old foil named skideep who lost his ass holding AMD from $43 down to $2.
he also called everyone Chucklehead until he woke up one morning, looked in the mirror, and saw the true Chucklehead.
He's probably out there trading penny stocks trying to pick the on-in-a-million stock that will get him back the tens of thousands he lost on AMD.
Over and out.
Well, good for you. if you look at my track record, i only posted to the intc board and i was six for seven in the past three years. most of them were at least a double.
do you consider siga to be a penny stock? btw, it's about to take out five bucks. thanks for your obnoxious posts. not.
I don't buy penny stocks and I don't get my advice from "penny-pumpers" on public message boards.
This will be my final message on this subject.
Good luck...... you'll need it.
OKAY, ENOUGH BS, CHUCKLEHEAD
HERE IS MY ORIGINAL POST:
EIGHT CENTS A SHARE, JANUARY 13TH, MARY.
No, i personally bought some at four cents and some at eight for a cost basis of six cents. it's all in my posts.
i posted it to the board at around eight cents.
it then went to twenty nine cents and retraced to today's price.
if i remember correctly, i sold most of mine around 24 cents.
so, if you had followed my advice, you would have made around 400% profit in five days.
it's all in my posts. i don't know why you are so negative.