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imiloa

04/08/06 12:06 PM

#897 RE: calgarylady #894

calgarylady, re: gray markey trading...

This is new to me, too. Some first run Googling results below. My guess is that we will be able to get daily quotes, but may not be able to try unless our brokers do it manually (ie: Human-driven trading)

Janice, Rocket, do you have first-hand experience?:

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http://www.investopedia.com/terms/g/greymarket.asp

2. The grey market is an over-the-counter market where dealers may execute orders for preferred customers as well as provide support for a new issue before it is actually issued. This activity allows underwriters and the issuer to determine demand and price the securities accordingly before the IPO.

http://www.pinksheets.com/otcguide/investors_index.jsp

Some OTC securities are not quoted on either the Pink Sheets or the OTC Bulletin Board; these securities are sometimes referred to as gray market or "Other-OTC" securities. Because Other-OTC securities are not quoted on any quotation service, bid and ask quotations for these securities are not available. However, NASD rules require its members to report transactions in all OTC equity securities to Nasdaq, so last sale and volume information is available for all OTC securities, including those categorized as "Other OTC." The Pink Sheets is a centralized quotation service that collects and publishes market maker quotes for OTC securities in real time. Pink Sheets is neither a Securities and Exchange Commission (SEC) Registered Stock Exchange nor a Broker-Dealer.