SlowTrader

Hi - saw your comments on Roland's page. You're correct - not many brokers will be actively making a market for grey sheet stocks (stocks coming off of suspension). I've traded, with pure luck, one stock that went to the Grey Market via TD Ameritrade (CMEY), but I have no idea how my orders were filled because, as you by now know, there's no bid or ask and no one was actively trying to make a market with my shares (I was holding shares at time of suspension). PHOT was a stock that got suspended (not one that I traded), and I know most of the investors that traded after the halt did not have CP accounts because most that traded that stock were small-time retail investors - not traders. Those types do not typically have accounts with CP. If you really really want to try this, just place an order with your broker where you want it and see what happens. Keep adjusting it based on current price. It's a very low-odds strategy (close to gambling) because you have access to very little market data (that I know of). There might be more data with BITCF, as it was highly traded, so I imagine there will be many bag holders hoping to trade once suspension ends. The higher the volume on these grey sheet plays the better odds, but once volume drys up, your chances of trading are slim. I'm no expert on this topic - just had an unfortunate experience as a bag holder and had to research the culture of grey sheets. Good luck!!

AnneMarita
AnneMarita Sep 05, 17 11:41 PM

P.S. I wrote my answer above, since the length of the answer is so limited down here... :)

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