Lemmings

lemmingsAt some point, you just roll your eyes and say “I give up.” It seems that the greed of the lemmings knows no bounds as they are once again piling into unlisted penny stocks. Per the WSJ:

Average monthly trading volume at OTC Markets Group Inc., which handles trading in shares that aren’t listed on the New York Stock Exchange or Nasdaq Stock Market, has risen 40% this year in dollar terms from a year ago, to a record $23.5 billion…..

…..Traffic on penny-stock trader forum InvestorsHub doubled between Christmas and last month, said Clem Chambers, chief executive of U.K.-based financial website ADVFN.com, which operates the forum. He said people who have been registered members for years, in some cases a decade or more, account for three-quarters of the increase.

Cartoon thanks to zero hedge.

Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: