Thursday, July 03, 2014 12:27:38 PM
What puzzles me is that SMAS is trading like any pink sheet stock. But of course it is on the gray market, not the pink sheets. Supposedly gray market stocks have no market makers, and only trade when a broker finds a buy and a sell order that match exactly. But as I found out not long ago, I can put in a buy order for any number of shares, and it will fill. And now today I see that Fidelity will even adjust the pps of the order as they will on any other stock. And just like my other SMAS buys, today's trade was routed through the market maker Knight Equities (NITE). So I can see no practical difference in the way SMAS trades from stocks that are not on the gray market. So I don't get it. Aside from the stigma of being on the gray market, how is this stock disadvantaged if it trades just like any no-bid stock on the pink sheets?
For reference here is the link to my previous post where I described my earlier buy orders.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100073344
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM