'It may not end well': A handful of penny stocks just made up a fifth of U.S. volume

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'It may not end well': A handful of penny stocks just made up a fifth of U.S. volume
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Hand\u002Dover\u002Dfist buying by retail day traders is sending volume skyward on major exchanges and elsewhere

Hand-over-fist buying by retail day traders, a hallmark of markets for a better part of the past six months, is sending volume skyward both on major exchanges and elsewhere.

“I thought it was pretty odd,” said Saluzzi, co-head of equity trading at Themis Trading. “I’ve been around for a long time, I’ve seen people in chat rooms and retail investors saying ‘we can make some money — it’s easy.’ There’s a risk it may not end well.”

 

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