etrade HELP

I finally got my funds in my acct now when I go buy stocks it gives me this error message.

"Non-equity, bulletin board, OTC, pink sheet and other specific securities are not eligible for the price type you have specified. "

 

what the hell does this mean?

 

Do I have to wait another  business days to trade or what - this sucks...Any help is greatly appreciated- not on what stock but more importantly how to work the etrade interface - why can't I buy right now?

 

I'm new to trading.

it will let me buy apple AAPL sotkc but not LVMHF   why is that - what is the difference. thanks in advance.

the other stock you are trying to buy isn't traded on AMerican stock exchange, Nasdaq, or NYSE.

 

you have to wait another day or two to buy OTC stocks. 

gotcha thanx

yea

 

i know this is a dumb question, but just to ease my doubts- it does matter what time during the day you buy the stock correct? can you give a few examples- all help appreciated...

but if you buy stock mid day do you inherit what is already down for the day up til then?

you make a limit order, and you get to choose where you want to buy it or not buy it at.  I'd do a little more studying before jumping in.  Etrade has some tutorials you can read.  make sure you know what you're doing, to avoid losing money on a mistake.  good luck.