I sometimes wonder out loud (here, for example) why I keep getting hit up with penny stock requests. My little Fiverr experiment (here) brought in a handful of spin doctors fishing for technical analysis and at the time those requests looked arbitrary. One of my favorites was for an underwater tree harvesting company. Really. But several were affiliated with a recently legalized and very popular plant. (No disclosures forthcoming.)
I hadn’t considered the trend until I stumbled on a Zerohedge post (here). The good bits come from Nanex.
An explosion of OTC trading:
Trade executions per day taking into account the lower price value of penny stocks:
Guess where all that trading activity is going.