Wednesday, 13 January, 2021
Retail Speculation Extremes
Retail Speculation Extremes
just to get a little light hearted
Last week ranked among the most active trading weeks of all time.
a proxy for NYSE margin-account data used by JP Morgan indicates a potentially strong pickup in December versus previous months.
6 of the top 10 most active stocks yesterday were priced under $1 and combined for 2.6 billion shares or 18% of the entire stock market.
Trading volumes on the broker-operated venues (favoured by Robinhood, Toro etc) exceeded that of NYSE last month for the first time since at least 2008, when Bberg started collecting data.
On average, Russell 3000 stocks with price tags below $2 a share have surged almost 13% so far in 2021. Those with share prices below $5 are up close to 10%. That’s more than three times the gain experienced by stocks with share prices above $100.
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