I'm a relatively new investor working with a virtual trading platform for the time-being.
In my day to day activities, I have noticed the following four interesting OTC stocks:
RLSPY GEAPO GEAPP BCBAY
All of them have incredibly large gains and losses every other day or so (with exception to BCBAY which seems to follow a different pattern). Incredibly large as in they go from $1017 to $108k overnight. Now, I realise that this is fantastic in a virtual trading platform where there is always a buyer, but in the real world, I would never try my luck with these. They have a trading volume of around 10 or fewer. It isn't a glitch in the platform I'm using, either. Go on Yahoo! or whatever you use. It's really happening.
I would like to know what causes these massive changes to occur, why it's possible, and if this behavior is normal, why isn't everyone throwing everything they've got into them?
I've done research and I can't seem to find much info. There are only a few QA sites and forums offering explanations like "they're just garbage stay away." I wasn't planning on going near these in the real world, but I would like to understand what is going on.