Abstract:
The year 2004 was one in which small tech was too often equated with small cap. It was a year in which many investors first tuned into the nano theme. Demand for information grew. So-called nanotech experts appeared on the scene, explaining how nanotechnology would radically change our lives. Stock recommendations focused on illiquid stocks – that is, very small stocks with few shares available. As a result, such stocks rapidly became the playthings of retail investors with short-term mindsets.