I don't know for sure what happens Monday morning. All I can suggest is think of all possible scenarios and be ready for them. Here's what determines prices: Prices will move higher when buyers are more aggressive OR sellers are nervous and demand a premium. Prices will move lower when sellers are more aggressive OR buyers are nervous and demand a discount. It's the interplay between BOTH sides that sets prices. How many people are out there like me, who are willing to wait and see versus how many people are fed up and just want out versus how many who are looking to buy? My guess for a strategy if you want out would be to put in a scale order which is several smaller orders at price intervals adding up to the total amount you would like to sell. I.E. holding 100,000 shrs and enter to sell 40,000@.0020, sell 30,000@.0035, sell 30,000@.0050. This will increase your likelihood of at least a partial liquidation if you are too optimistic on your price estimate, but not by much. You would get better prices on at least some of your shares if you underestimated the demand and got fills on all of them. If you overestimated demand and got filled on none, then you should edit the highest offer and set it below your lowest until you get a fill OR wait it out to see if anyone else puts up a print and see where it is. I have never traded the grey market and I am not so sure exactly what the transaction rules are, but I suspect the downside to putting in orders early before anyone else is that if they were willing to pay more than your sale price or sell for less than your buy price then they would be the one getting the price improvement because you are already on the book and they would be taking your offer or hitting your bid. The benefit would be that if interest dries up quickly you may have gotten some of the first and only fills at those prices because you were early and the first on the order book. If you are on the buy side of this, honestly I don't see any reason to bid all that high. I guess the company could come out with more PRs but the internet gumshoes are telling us the party is over. The question is how many buyers and sellers will actually be participating in the game or just watching. Will lower prices attract more buyers or more sellers? I.E.: wow that's cheap I'm buying VS wow it's tanking I'd better sell before it goes lower. Will higher prices attract more buyers or more sellers? I.E.: wow it's running I'd better buy VS wow that's a gift I'd better sell up there while I can.
I am having a hard time finding specific details about exactly how orders are matched in the Grey Market. I did not have time to call my broker to ask about it either. So I don't even know if some of my thoughts above are pertinent because I don't know enough about grey market order handling.
As traders we have no control over the ebb and flow of the market for the stocks we are in and under normal circumstances the most control we have is the ability to buy or sell our shares in a fairly transparent and liquid market. On the grey market, we have lost much of that control.
All just my opinion.
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