Reasons for another 2021 type OTC Melt Up again! LMK where I'm wrong here:
How many years has social media played a big role in spreading the word with stock picks? 10 maybe 20 max! And the past 5 or so would show on a chart as a parabolic line straight to the moon. Digital age is here and everyone can read what's hot on the internet and trade from their computers in their pockets...this is a huge change from say the 1990's
We are seeing big volume on no news no tweet tickers...like MMEX, or PLPL today, it was HPIL that started the volume surge in 2020
2021 OTC Gold Rush started Nov 30, 2020, so we are on time for the 3 year OTC cycle I have identified
Now after seeing all the OTC volume all the CEO's will produce their BS PR's to help fuel the rallies again!
There were 5 trillion cash on sidelines in 2020, now we're at 6 trillion cash on sidelines
2021 There were 5x more trading accounts being opened due to peeps being home from Covid with stimulus checks.
All those accounts and many more now are still open, they now can trade their paychecks from work if they went back to work, (RR said he quit his job to trade)
SPORTYNORTY is back trading OTC again after seeing all the recent Volume
Sports betting is just a stepping stone for potential new stock traders
New traders don't want to buy Apple stock at $190 a share, they want to search the internet for HOT stock tips! The next Gamestop MEME play!
Bottom line is all markets move higher when there are more buyers than sellers period. And we have plenty of new buyers, And the new generation wants to play penny stocks and Bitcoin. We are in the infancy of OTC speculation!
PS: I've sent $35K from the 5% sidelines to speculate on OTC again! And had to start keeping track of ticker info on notepad again like 2021