Loading ...Back then I had 2,200,000 PM shares in 108 different miners. I sold off most of my larger holdings and was trying to sell my penny stocks as the market dropped. I would enter a market sell order, hoping to find some interest, and I did. I sold less than a dollar of stock many times and paid Ameritrade $9.99 for the trade because there was no more sold that day, and the next day was a new $9.99 commission. This was a rinse/repeat that happened daily going into that bottom….sell less than the commission Ameritrade was getting every time. I figured they had brokers who had contracted to do the dirty work in exchange for a cut of the commissions, as well as picking up a lot of penny stocks. When I finally caught on I cancelled the sell orders and kept the remaining shares. I figured that was legal robbery but also my education tax. lol!! I’m not crying though. That time I took out 16.4X what I put in, even with all their shenanigan’s. All the Best from Silverngold!
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