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A Handful of Penny Stocks Just Made Up a Fifth of U.S. Volume

Posted by Mr.Copper @ 11:31 on January 14, 2021  

Also Pot Stocks running wild in the streets. I have tickers if anybody wants. Possible rotation going on, FROM the best and biggest stocks, and shopping starting in the Thrift Store and Garage Sale.  🙂 This reminds me of the 1970s when everybody was dumping dollars on Silver.

Parts: “(Bloomberg) — For a stark illustration of how dominant individual investors have become in U.S. equities, check out the proportion of volume happening in the tiniest stocks.

Hand-over-fist buying by retail day traders, a hallmark of markets for a better part of the past six months, is sending volume skyward both on major exchanges and elsewhere.

Share volume, elevated for months, spiked anew last week, when an average 14.8 billion shares changed hands on U.S. venues, ranking among the busiest stretches of all time.

 “I thought it was pretty odd,” said Saluzzi, co-head of equity trading at Themis Trading. “I’ve been around for a long time, I’ve seen people in chat rooms and retail investors saying ‘we can make some money – it’s easy.’
The cheaper a company’s share price, the better its performance has been. On average, Russell 3000 stocks with price tags below $2 a share have surged almost 13% so far in 2021. Those with share prices below $5 are up close to 10%. That’s more than three times the gain experienced by stocks with share prices above $100.
“The answer is liquidity which appears to be reverberating once again in an intense manner via retail investors, in a repeat to Q2 of last year.”
Whole Story

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.