Saturday, April 06, 2024 10:36:16 AM
My evidence: On Feb. 23, 2024, the OTCQB index hit a muti-year low of 208. The all-time HIGH for the QB index was on Feb. 16, 2021 (740). That means the QB index had lost about 72% of its value in 3 years. QB index has seen a small rally of about 10% since that all-time low.
I've seen many other posters on other boards come to this conclusion as well. Nothing any individual can do about this except hope for some dramatic event that makes risk seeking investors return to the OTC. Maybe something like a "crash" in the major market indexes (S&P, NYSE, NASDAQ) would help. Bursting the crypto "bubble" might help as well.
Only time will tell if the OTC can recover from its currently low status with traders but WTFK?
Disclaimer: Do not rely on my projections or opinions to make a buy or sell decision. Always do your own DD.
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