How cultish social media accounts fuel trading in penny stocks In the world of online trading forums, prices can soar on plummet on momentum alone
about 2 hours ago Hannah Murphy, Philip Stafford
The rumbustious world of trading shares over the counter is the lesser known of the US equities markets. Photograph: iStock
“ALERT!!!”, shouted a Twitter post on February 3rd by a user called Alexander Delarge, whose profile picture is the sociopathic protagonist with a similar name from A Clockwork Orange.
The message was a bombastic plug for a little-known penny stock called MedX Holdings, a “brands and acquisitions” business looking at the emerging cannabis industry.