Pingify International, Inc. (PGFY)

[janice shell]

Usually when a formerly suspended stock resumes trading, it'll drop sharply. The rule of them is about 60 to 80 percent the first day. There are a few exceptions, depending on the loyalty of the issuer's following and on the amount of volume that comes in. In this case, there aren't any loyal shareholders, so I think just about everyone who was caught in the suspension will want to sell.

Typically, the first few trades will be lowballs. Sometimes they're people selling at market, which is a real mistake. Many brokerages insist on limit orders for Greys. Whether yours does or not, use a limit order.

After a few hours, the price will tick up a little. There'll be no bid or ask; all the information you'll get will come from time and sales. If you want to sell on Day One, that's the time to do it. Sometimes these stocks rise a little more over the next few days, but I don't know if I'd count on that with PGFY. There may, however, be a few people playing the dead cat bounce. Their buys will drive the stock up. And MMs will be willing to facilitate sells, since at least some of them will have been stuck with inventory when the stock was suspended.

As time passes, volume will dry up, making trading much more difficult. After weeks or months, the stock price will plateau. And then PGFY will wither away and die.