Posted On: 01/08/2015 2:58:58 PM
Post# of 39368
Here's td's advice on how to sell Treaty on the greys. Why is he doing this? A good question for Jessica Magee.
tdbowieknife Member Level Tuesday, 01/06/15 07:05:27 PM
Re: None
Post # of 85889
The 7th is the first day of Grey Market trading for TECO at the open.
Treaty Energy is now on the Grey Market... There is no Bid/Ask displayed Traders will be trading blind. The only info one will have in knowing how Treaty is trading will be from T/S (time and sales) the trades of buys and sells will need to be matched by size and price per share. There will be NO market makers to provide liquidity and help with matching trades. When trading in the Grey Market you will need to think like a buyer. The trades need to match by price and size. So use smaller round numbered lot's. like 5,000 not 5,675 and 200,000 or 300,000 for like .002 stocks. I would used the "all or none" on my trades because I would not what to be left hanging for hours waiting to fill, but would sell in smaller lots of different sizes and slightly different prices. with a all or none you also have the option to change the lot size or PPS with out getting hit with another broker charge. With good volume they could go pretty quick.
tdbowieknife Member Level Tuesday, 01/06/15 07:05:27 PM
Re: None
Post # of 85889
The 7th is the first day of Grey Market trading for TECO at the open.
Treaty Energy is now on the Grey Market... There is no Bid/Ask displayed Traders will be trading blind. The only info one will have in knowing how Treaty is trading will be from T/S (time and sales) the trades of buys and sells will need to be matched by size and price per share. There will be NO market makers to provide liquidity and help with matching trades. When trading in the Grey Market you will need to think like a buyer. The trades need to match by price and size. So use smaller round numbered lot's. like 5,000 not 5,675 and 200,000 or 300,000 for like .002 stocks. I would used the "all or none" on my trades because I would not what to be left hanging for hours waiting to fill, but would sell in smaller lots of different sizes and slightly different prices. with a all or none you also have the option to change the lot size or PPS with out getting hit with another broker charge. With good volume they could go pretty quick.
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