1182 days ago • Posted by Charles-Henry Monchau
The newfound mania for penny stocks
The newfound mania for penny stocks is depicted in the chart below. One trillion (sic) shares of penny stocks traded in December! Penny stocks have always been the most speculative corner of stock markets, so the unprecedented enthusiasm for penny stocks provide yet another indication of the “irrational exuberance” that have gripped markets - source: Jonathan Baird