thanks...great points BullRaid: the Dow bull market probably has taken a good chunk of speculative money out of this penny market - the next Dow Jones downturn it will be interesting to see if penny market picks up as an inverse relationship.
And your right besides the MJ boom to this market, times were just as anemic in 2013 too for the most part; take out MJ shooting star that then went out, and we have about 2 very weak years in the OTC now.
....so what the few ticker flippers will continue to do is erode confidence for everyone. Any profit is good profit i often hear - well hows this working out for the penny market when most are like this? Terrible. And not fun.
Its the 'not fun' part that i think really turns people away. Cause thats what this crazy penny market can be, crazy fun and insane gains....,yet now their is a whole new crop of traders in for a few tic flip: treating and trading the penny market like its a $3.57 Naz stock, lol.
But what continues to scare me is that if the penny market has been bad for us, then also for the CEO and note holders wanting to pay themselves: less volume means they will drive down pps more while converting -- then what we will continue to see are more and more of these AS increases. Then RS's. Even for companies comparably doing ok. This is what worries me most....that without huge volume in this penny market to cover the dumping, the shorting, the chartists, the two tic flippers and the profit taking: the trader will lose many times before a big win -- cause first the CEO and note holders will win: everytime.
So yeah if we get less two tic flippers this will help this market, which then would give confidence to a lot of money waiting on the side - then the fun would begin again....and fun leads to more fun and money coming in....then before you know it we have a bull penny market. Right now though: who is really having fun out there these months? If one is gonna spend 6 to 10 hours a day in this market - if its not fun what a waste of life, eh?
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