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E*Trade Error??? Cant buy stocks...

post #1 of 4
Thread Starter 
I tried to take a position in (EXPH - Expo Holding) using E*Trade.
but i get an error: "Non-equity, bulletin board, OTC, pink sheet and other specific securities are not eligible for the price type you have specified."

I selected:

Order Type - Buy
Shares - 32000
Symbol - EXPH
Price Type - Market
Term - Good for the day

Did i do something wrong?
post #2 of 4
Have to make it a limit order, not a market order. Set your limit price at the ask or slightly above it for an instant fill (they'll fill you with the best available asking price).
post #3 of 4
Thread Starter 
Ok, i have set it up so that its
Order Type - Buy
Shares - 32000
Price Type - Limit
My price - .004 (same as the ask)
Term - good for the day

and now i can place the order.
Do you think i should raise my price a little so im sure to be filled? do you think ill be filled by early AM?

thanks!
post #4 of 4
As long as the ask is at .004, with the amount of shares you want, you should get it. I know when I was purchasing a 250k block of EXPH, I had to set a .005 order and ended up walking the ask up to .0048. Shares are tight in my experience.
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