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Re: Alley-oop post# 21096

Thursday, 07/11/2024 10:29:19 PM

Thursday, July 11, 2024 10:29:19 PM

Post# of 21990
I believe it started with the Game Stop squeeze and then as a result, SEC changed rules and many OTC companies went belly up.

Maybe timing as well because that was the end of the OTC bull run. Historically, in the OTC, periods of a bearish market last about 3 years. When the bulls return, usually lasts 1-2 years. We are now 3 years into a bear market. The 1st quarter this year, OTC volume was up 19% from the same period last year. This is a positive sign that the bulls are coming back to the OTC. Volume is nowhere near it was back in 2020, but it's getting better and I just have a feeling about this fall but especially next year.

I don’t know if we’ll ever go back to those wild wild West days because of the structural changes in the OTC. I think the rule changes (stricter reporting procedures) has made trading in the OTC a little safer (less scams).

I do believe we are entering a bullish season. I think we are just starting and I think next year will be really strong. I believe we are in the right stock at the right time.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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