Posted On: 06/20/2014 2:51:42 PM
Post# of 36729
Thus far, both SKTO & AEGY are following the typical trading template when SEC stocks suspended "with questions" resume trading (on Grey Market). Large volume day accompanied by a usual 60-80% drop in price. Volume usually declines in subsequent days.
Securities attorney Brenda Hamilton on this subject:
"When a stock is suspended, after four sessions without published quotations it will be demoted to the Grey Market. Once the suspension ends, limited or 'unsolicited' trading can occur in these Grey stocks. Investors may trade, but at their own risk. Typically, a brand new Grey loses 60% to 80% of its value the first day out; within a few weeks, volume declines dramatically."
http://investorshangout.com/post/view?id=1580431
Securities attorney Brenda Hamilton on this subject:
"When a stock is suspended, after four sessions without published quotations it will be demoted to the Grey Market. Once the suspension ends, limited or 'unsolicited' trading can occur in these Grey stocks. Investors may trade, but at their own risk. Typically, a brand new Grey loses 60% to 80% of its value the first day out; within a few weeks, volume declines dramatically."
http://investorshangout.com/post/view?id=1580431
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