I am a new investor and have an account with E-Trade. I tried to buy an "OTC" stock on their website but it did not recognize the ticker symbol. Is it possible to buy this stock through E-Trade or are OTC stocks a completely different animal?
2007-03-05 10:08:54 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
You can, but etrade doesn't require the use of suffixes like ".pk" or ".ob" when you want to call up a company's stock. Just use the ticker symbol without reference to where it is trading.
For example, I currently own shares of Abazias, Inc., an online retail diamond distributor. The shares trade on the OTCBB at the moment but I simply enter the ticker symbol ABZA without reference to where the shares are actually trading. I believe that etrade will let you trade pink sheet stocks the same way. Just put in the ticker symbol and it should work just fine.
2007-03-05 17:01:39 · answer #1 · answered by G A 5 · 0⤊ 0⤋
I have an account with E-Trade and buy OTC and pinks all the time. Are you sure you have the right symbol? What were you trying to buy?
2007-03-05 11:32:33 · answer #2 · answered by speedgeek 2 · 0⤊ 0⤋
Call E Trade and ask for help. If they are not cooperative, try Scott Trade or Ameritrade. OTC is no big deal.
2007-03-05 10:28:06 · answer #3 · answered by hebb 6 · 0⤊ 0⤋
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You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.
2016-02-16 04:31:26 · answer #4 · answered by Greta 3 · 0⤊ 0⤋
At Ameritrade you enter the order without the .pk, just the basic symbol. I buy them regularly. I would expect the E-trade is the same.
2007-03-05 11:35:22 · answer #5 · answered by Anonymous · 0⤊ 0⤋
are you talking about the OTC Bulletin Board. If so Trade King trades them.
2007-03-05 11:29:25 · answer #6 · answered by franksprung 3 · 0⤊ 0⤋
1
2017-03-01 00:47:40 · answer #7 · answered by ? 3 · 0⤊ 0⤋
What symbol did you use? Did you use the XXXX.bb or .pk extension? Call E-trade and ask them.
2007-03-05 10:29:00 · answer #8 · answered by gosh137 6 · 0⤊ 0⤋