Somatic Systems Inc (SMAS)

[Dolly Llama]

The weird thing about this stock, as I posted a few years ago, is that I was able to get buy orders through for any amount, even though it is on the gray market. As I understand it, the way the gray market is supposed to work is that since there are no market makers, in order for a trade to go through, a broker has to match a buy order with a sell order that are both identical in terms and in number of shares. But I put in a number of test orders of various amounts, and they all went through with no problem or delay. Plus my orders were routed through the market maker Nite (Knight Equities). So SMAS was behaving exactly like it wasn't on the gray market. I have no idea why. Haven't tried it since. And now of course my brokerage doesn't allow buy orders of gray market stocks. They allow sells, but not buys. But as today proves yet again, some people are able to make buys of this stock. And just last December over 222 million shares traded in one day. So who knows.

My post from three years ago

and a more detailed one