DD Support Board and Research Team

[petermic]

The RobinHood crowd, bored at home with no sports betting, came in a flood into Nasdaq stocks in the spring. Crazy crazy daily gainers, the likes of which I've never seen. Most collapsed quickly. This has abated only a little.

See today's GLSI up 2000% at one point.

I think they are now discovering penny stocks. This may be just the beginning.

from RobinHood:

Takeaway

Buying pink sheet listings is like shopping at a discount store…

Suppose you wanted to update your wardrobe but didn’t have the money to spend at a department store. Instead, you might choose to visit a discount store where you can buy items at a lower price. The tradeoff is that the quality of the clothing might not be as high, and the store may have a poor return policy. Discount shopping is kind of like buying pink sheet listings — Those stocks are often priced lower than those on major exchanges. And they’re also often from smaller companies that don’t have a proven track record.

This reminds me of a man I met in Las Vegas who was waiting for his 'wife' to finish in one of the fancy stores. I said, "this is going to cost you". He said "it's cheaper than gambling."