CNBC just did a story on the recent run in Micro Cap stocks. If you’re interested, here’s a link to the story – Small companies, big risks, potential rewards.
As for me, I wouldn’t touch the thinly traded ones with my worst enemy’s money. The volume in these stocks is ridiculously low. For example, the average volume on BSML, which was highlighted on CNBC, is only 12,000 shares. (and of course it more than doubled the average volume within 10 minutes of the report) You could throw a couple of dollars at these stocks and move the market. Ugh! But they work for some people. Different strokes…
I say it bring it on!
But really, outfits like CNBC ruin all the fun. Certainly the window will be closing very soon now.