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Poseidon Concepts Corp. Message Board

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  • wtblanch5 wtblanch5 Nov 11, 2011 9:55 AM Flag

    Additional $50 Fidelity Fee to Trade!!!

    I don't currently own the shares. I have an IRA with Fidelity, and I don't think you can buy Canadian listed shares in the IRA. (I know you can in "regular" accounts.)

    I prefer to buy in small increments, especially a stock without a trading record, so $50 per buy is a problem in my book. I wrote the company about it yesterday, but haven't had a reply yet.

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    • I own shares in both "regular" accounts and IRA accounts. However the shares are all on "pink sheets" so the symbol for Poseidon Concepts is Two things- first, when trading on the pink sheets always specify a price, never a market order. Second, there has been a delay in the conversion of the Poseidon Concepts shares into the pink sheet shares. I am currently asking my brokers to investigate but have no idea when it will be sorted out. However, you can make new purchases now. Great company!

      • 1 Reply to dgiles1931
      • Fidelity always puts that $ 50 warning on all of the orders for a foreign stock on the pink sheets.
        You won't know whether they actually charge the fee until the order is executed. It would be nice if they put the warning only for stocks actually they charge the fee on, but apparently they don't have the time to make a list. In my experience Fidelity has been slow to respond to investor concerns, but they are still a good brokerage.

    • u can hold these in your ira, it isnt an issue

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