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creede

05/12/22 10:07 AM

#134 RE: Werbe #133

Werbe. Greys never had a public quote. You put in an order through your broker and then you waited to see if it got filled. Seasoned traders put in limit orders because you did not have a quote.

Thats because to complete the trade, brokers were required to literally call other brokers to determine best offers. I think they had to make 3 calls. Then they could fill the order.

Expert is just a grey stock that has been put on the OTC system so they do not have to literally pick up a phone (they created Expert for their convenience).

What I (and many others) are complaining about is that we can no longer put in orders to purchase Grey, Expert, or CE stocks.

People have been buying and selling stocks without "public quotes" for over a 100 years. Maybe even 200 (when was the stock market created?).

Now they have unilaterally blocked our ability to even attempt to purchase a stock that does not have quotes (hence the name "Grey").

Rumor has it that WeBull is going to allow its clients to purchase any OTC stock they like -- grey, expert, ce, whatever.

Of course, there will not be an accurate price (AKA "public quote", "real time quote", "L1", or "L2") since those stocks do not meet the minimum requirement under the new rule for brokers to publish quotes.

I suppose they will do what has always been done, which is provide the last known time and sales.