tag:blogger.com,1999:blog-754894216207950592.post8702904802089964682..comments2024-03-20T15:55:23.392-07:00Comments on NoNameStocks: Fidelity blocks dark companiesDan Schumhttp://www.blogger.com/profile/05728696891530868697noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-754894216207950592.post-38163250260620091862021-08-24T11:56:01.146-07:002021-08-24T11:56:01.146-07:00I have two issues with Fidelity.
They won't a...I have two issues with Fidelity. <br />They won't allow me to buy something that I already own (HOMU) so I can lower my cost basis. <br />They used to allow GTC orders of penny stocks that were more that 50% from current price. No longer.<br />For example: I had an order to sell a micro penny trading at .0015 (not a typo) and my GTC order to sell was at .03<br />They couldn't explain to me as to why. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-84430021906763289322021-02-19T07:44:01.701-08:002021-02-19T07:44:01.701-08:00try this: http://www.nonamestocks.com/2016/10/brok...try this: http://www.nonamestocks.com/2016/10/brokerage-firms-otc-markets-and-dark.html<br /><br />personally I have never had a problem selling with fidelity. Only issue was they restricted my buyingDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-64233963147334827912021-02-19T07:16:33.374-08:002021-02-19T07:16:33.374-08:00So any consensus here on trading platforms / broke...So any consensus here on trading platforms / brokerages for OTC and penny stocks? I'm on Fidelity too and have had way too many problems. they'll let me buy and then not let me sell. The rep told me there is no demand when it was obvious I can see there is volume. Also the change in price. I bought PRED and then couldn't sell and would have made a lot of money. So I'm stuck holding that position I don't even know how to get out of it. Anybody know anything about Webull where is everyone just saying Schwab is the only place to go?shadricosuavehttps://www.blogger.com/profile/16383795712769069641noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-39243056088687299312021-01-29T23:29:01.787-08:002021-01-29T23:29:01.787-08:00yeah I've signed the penny stock thing too. t...yeah I've signed the penny stock thing too. that opens up more shares per trade. <br /><br />The issue is Fidelity blocking buying of stocks on otcmarkets stop designation list. I wrote up some more on it here: http://www.nonamestocks.com/2016/10/brokerage-firms-otc-markets-and-dark.htmlDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-39982619362224777982021-01-29T14:29:26.349-08:002021-01-29T14:29:26.349-08:00I tried for ASTI today as well. Error: TC9052....W...I tried for ASTI today as well. Error: TC9052....What the hell.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-13042754185490867102021-01-27T09:10:26.636-08:002021-01-27T09:10:26.636-08:00A lot of companies have changed there policy and b...A lot of companies have changed there policy and become less risky as a whole. Each company has their own policies on the matters. They are subject to change about as often as the market changes. Too many clients do not actually fully understand the risk of penny stocks or speculative trading and therefor to limit the risk to the clients, a lot of companies have moved away from this practice as a whole because of the risk to the company. Too many client "claim" they didn't know, and sue, and the companies, to avoid this, just have stopped giving the options. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-77684158751137390542021-01-26T06:56:41.273-08:002021-01-26T06:56:41.273-08:00I bought a ton of MJNA at .019/share last month an...I bought a ton of MJNA at .019/share last month and can still buy it. Tried to buy solar panel maker ASTI today and got the Pink Sheet block. I contacted Ascent Solar investor relations to give them a heads up. Have not heard anything back yet. So I'm wondering if the companies complete Fidelity's hopps that they get the green light. I had to sign off on the Fidelity risk statement to trade penny stocks - was no big deal, I don't have my net worth in penny bits. But I do have a fair amount. Seems like they'd want this business. FastCornernoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-24188511151449984552021-01-21T15:01:08.140-08:002021-01-21T15:01:08.140-08:00if you want to do OTC stuff I'd suggest Schwab...if you want to do OTC stuff I'd suggest Schwab. <br /><br />you can see some of my posts here:<br /><br />http://www.nonamestocks.com/2016/10/brokerage-firms-otc-markets-and-dark.html<br /><br />http://www.nonamestocks.com/2019/06/my-brokerages-fidelity-schwab-etrade.htmlDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-46321348619598080372021-01-21T13:53:36.500-08:002021-01-21T13:53:36.500-08:00good luck trading OTC on Robinhoodgood luck trading OTC on RobinhoodAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-84536174767655142792021-01-21T00:14:26.930-08:002021-01-21T00:14:26.930-08:00Fidelity caused me to miss out on thousands of dol...Fidelity caused me to miss out on thousands of dollars today because of restrictions on buying OTCs we all know the risks and rewards of playing trips it's my choice to invest 100 bucks on whatever I want. Om cashing out and taking my money someplace else probably robbinhood BoonWolfhttps://www.blogger.com/profile/15128108021169886207noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-5655978248210682112021-01-08T07:52:08.733-08:002021-01-08T07:52:08.733-08:00thanks Dan Schum, had similar error messages and m...thanks Dan Schum, had similar error messages and might now move to Schwab. willybillykhttps://www.blogger.com/profile/13697127821575045302noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-59427691316434521602020-04-14T13:31:53.914-07:002020-04-14T13:31:53.914-07:00what issues do you have with Schwab? specifically...what issues do you have with Schwab? specifically which stocks?Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-35495052612788842092020-04-14T13:21:46.016-07:002020-04-14T13:21:46.016-07:00Schwab also does not carry lots of great OTCSchwab also does not carry lots of great OTCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-83229107524112366992018-10-04T16:54:10.801-07:002018-10-04T16:54:10.801-07:00Depends on what you want to do. You can read about...Depends on what you want to do. You can read about my drama here: http://www.nonamestocks.com/p/dark-companies.html<br /><br />Earlier this year I opened an account with Schwab and I’m loving them. They let me buy whatever I want. Also had a friend recently transfer his account to Schwab with OTC stocks in kindDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-53914203953161910672018-10-03T17:21:40.867-07:002018-10-03T17:21:40.867-07:00Suggestions as to where to move my Fidelity portfo...Suggestions as to where to move my Fidelity portfolio?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-5858080555998369232018-01-17T22:05:34.077-08:002018-01-17T22:05:34.077-08:00Yeah, why should Fidelity be allowed to set it'...Yeah, why should Fidelity be allowed to set it's own policies? It shouldn't be Fidelity's choice. That being said, I'm sure they are struggling without your business.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-15487570889097969052018-01-08T15:45:12.962-08:002018-01-08T15:45:12.962-08:00I don’t know why that would be. Try contacting the...I don’t know why that would be. Try contacting the brokerageDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-51264225644443627872018-01-08T15:33:50.535-08:002018-01-08T15:33:50.535-08:00I am able to buy OTC dark stocks in my fidelity Ro...I am able to buy OTC dark stocks in my fidelity Roth IRA, but not in my individual investment account. Anyone else having the same experience?L30https://www.blogger.com/profile/04976538779084089522noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-89099818647132368062017-07-21T10:34:15.492-07:002017-07-21T10:34:15.492-07:00Well there's a first time for everything
Look...Well there's a first time for everything<br /><br />Looks like Fidelity has made some changes to their website. You can now see the charts and info on the Stop Designation List companies but still not trade them. They've also modified their warning messages. I guess it's an improvementDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-77931574604815782982017-07-21T10:14:49.254-07:002017-07-21T10:14:49.254-07:00SCHUM... you are incorrect.. CBIS and all stock ti...SCHUM... you are incorrect.. CBIS and all stock tickers are reviewable on FID web site...still cant tradeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-22691104893332377672017-05-26T12:40:06.342-07:002017-05-26T12:40:06.342-07:00actually that company filed for bankruptcy on Apr ...actually that company filed for bankruptcy on Apr 19, 2017. Maybe that's whyDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-59727199597015366652017-05-26T12:37:46.986-07:002017-05-26T12:37:46.986-07:00That's on the stop designation OTC Markets so ...That's on the stop designation OTC Markets so yeah, Fidelity won't let you buy that. I don't know how they let you buy at 0.39 because it's my understanding they won't allow any purchases of these types of stocks. <br /><br />What's weird is Fidelity will show a chart for ADPTQ. Normally they don't show charts for the stocks they won't let you buy, like SIMA for example. Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-10153408710954292552017-05-25T04:08:59.915-07:002017-05-25T04:08:59.915-07:00Please look at ADPTQ. Just a month ago I tried buy...Please look at ADPTQ. Just a month ago I tried buying 25000 shares at $0.25. Stock was then at $0.24. Fidelity won't let me after letting me buy a day earlier at $0.39. I called their number and an active trader guy came on. He tried to place the trade but could not. He asked me to hold as he checked to know why. He returned and said apparently they decided for some reason not to allow the trade. He told me that they don't know what other Brokers we're doing. Yesterday the stock hit 1.52. Today, I am pulling my Fidelity account. I am also examining whether I have any legal remedies against Fidelity.I am so enraged at Fidelity. Jude Orji.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-82792220777195169052017-04-06T20:49:57.838-07:002017-04-06T20:49:57.838-07:00Yea for sure they act as if they own your money.I ...Yea for sure they act as if they own your money.I had ,y wife call in anorder for RSII when it was at .0012 for 3 million shares.The guy told her it woild make the stock more illiquide.I told her go ahead and tell him you want it.The stock went to .029.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-77958981414316162502017-03-28T09:54:05.114-07:002017-03-28T09:54:05.114-07:00im in the same boat, I had called and was upset, b...im in the same boat, I had called and was upset, but for our protection. It should not matter to them.Anonymoushttps://www.blogger.com/profile/00252364621535821926noreply@blogger.com