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Jan

10

OTCBB $ Volume

Filed Under otcbb

December is usually a bad month for penny stocks because of tax loss selling, however this past year it was especially bad. According to OCTBB.com which publishes monthly statistics regarding number of transactions, $volume, total share volume, etc. December 2007 $volume was down 22% compared to December 2006, total transactions were down 27%. December 2007 also happened to be the lowest monthly $volume amount for the entire year, even lower than August which is historically a slow month. Its hard for stocks to gain in price if less people are playing and less money is flowing. Lets hope January improves.

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