FYI--When a stock begins trading on the Greys afte
Post# of 56323
Posted On: 02/23/2016 5:27:23 PM
FYI--When a stock begins trading on the Greys after a suspension, there is no bid or
ask allowed, as there is no MM allowed until paperwork is approved by the SEC to resume regular trading. I went through this with Growlife, and got out at a nice profit, but I had to call my broker at Scottrade and have him do the trade for me.
Those who are in for the long haul, just hold tight and see how deep the SEC's concern is. At some point major brokers may also refuse to make trades on these stocks until they are reinstated. Flippers may have a problem.
ask allowed, as there is no MM allowed until paperwork is approved by the SEC to resume regular trading. I went through this with Growlife, and got out at a nice profit, but I had to call my broker at Scottrade and have him do the trade for me.
Those who are in for the long haul, just hold tight and see how deep the SEC's concern is. At some point major brokers may also refuse to make trades on these stocks until they are reinstated. Flippers may have a problem.
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