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<p>[QUOTE=&quot;Owle, post: 1261279, member: 22004&quot;]One of the many problems with non-marginable stocks is there are very few that are legitimate. Sure there are some sound gold juniors that started out as penny stocks, but probably less than 2%.</p><p><br /></p><p>The other problem is that you have to have more than $25K in your brokerage account to &quot;day trade&quot;. Therefore, if you made a quick 10% and got out, you can not sell your next stock purchase for around three days. Why I would warn anyone about these crappy stocks is that the discount brokerage will not do it. You could go from $250K to $250 in the account, and you will never get a warning in any way shape or form from the brokerage. Unbelievable. Half the time the brokerage workers are just watching their stocks and fielding mundane calls for orders--and they can&#039;t give you any sort of warning??? I know it&#039;s a legal constraint, but quite shocking nonetheless.[/QUOTE]</p><p><br /></p>

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