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I wonder if there's money to be made searching for penny stocks that investors might mistake for a larger one, and buying it.
by govg 7y ago
I wonder if there's money to be made searching for penny stocks that investors might mistake for a larger one, and buying it.
- jklein11 7y agoIts possible that the people who bought it recently were employing that exact strategy. If the spike in price really had nothing to do with the underlying company you might be better off shorting it. That way you will profit when people who bought it (on purpose or by mistake) try to unwind their trade