It's impossible for an efficient market to exist w
Post# of 43064
Mr. Hunsader: The new world is now a war between machines. For some perspective, in 1999 at the height of the tech craze, there were about 1,000 quotes per second crossing the tape. Fast forward to 2013 and that number has risen exponentially to 2,000,000 per second. And yet there are fewer market participants today and actually less trading. All this noise comes from the High Frequency guys trying to game each other or fool traders. Today, 90 to 95 percent of all quotes emanate from High Frequency machines…… This doesn’t imply share volumes just quotes traveling on the tape.
http://www.forbes.com/sites/richardfinger/201...investors/
I realize the article does not pertain to the OTC directly, but the same computers and algorithms can be used in a less regulated market. In the case of a stock like JBII, which I believe has very little real trading, the computers paint up and down to try to shake loose shares.
If you believe in an "efficient market" you'll get taken to the cleaners.