I believe it’s because of an inverse relationship to the big board stocks.
Not positive on this, but I believe historically penny stocks do better when the big boards are down.
I am very sure about this, August is historically the worst month of year for big board stocks. Not sure the reason, it just is consistently.
Thus, as fall approaches, more eyes and movement on the little guys vs the big guys. I’ve heard ppl refer to summer in the otc as the “summertime blues”.
Just opinion/theory. No proven data to back it up.
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