Gary Halbert · whole document (80)
zflk blitzkrieg paradigm
Believe it or not, that rule alone eliminates
hundreds of thousands of stocks. Here in America, aside from
the three major exchanges, you can buy OTC (Over-The-Counter)
stocks, "pink sheet" stocks (ask your broker if
you're interested) and stocks from all sorts of other sources.
You can also buy stocks listed on the Toronto Exchange and all
the European and Asian Exchanges.
Let's leave all that up to Buzzy. For the time
being at least, let's you and me keep it simple and easy. That
OK with you?
There are three major stock exchanges here in
the U.S. The best known, of course, is the NYSE or New York
Stock Exchange. There are approximately 3,500 stocks actively
traded on this exchange.
Then, there's the NASDAQ Exchange on which
approximately 5,600 are actively traded.
Finally, there's the AMEX or American Stock
Exchange which has approximately 760 actively traded issues.
In Section C ("Money And Investing")
of the Wall Street
Journal, there is a summary of what the stock market did
on the previous day of trading. It's called "Stock Market
Data Bank." This tells you what happened yesterday on the
Dow Jones Averages, Standard & Poor's Indexes, the Russell
1000, the Russell 2000, the Russell 3000, the Value-Line Index
and something called the Wilshire 5000. It tells what were the
most active issues, how many issues advanced, how many
declined and how many stayed the same. It reveals the
"Volume Percentage Leaders", "Volume Percentage
Losers" and it gives a breakdown of trading in NYSE
stocks on a 1/2-hourly basis from 9:30 a.m. (East Coast Time)
when the market opens until 4:00 p.m. (East Coast Time) when
it closes. This is all valuable info... so...
Let's Ignore It!
However, one part of this "Stock Market
Data Bank" reveals what stocks had the highest percentage
increase in price ("Price Percentage Gainers") and
what stocks had the greatest decrease in price which is
aptly titled "Losers."
All I was interested in when I started my
research was the column which gave out the info on the
"Price Percentage Gainers." Not only that, out of
all the gainers, I was only interested in those stocks which
had gained 50%... or
more... the previous day. I wanted to know what made this
small, elite group of stocks different from all the thousands
of other stocks traded... which did not... make that
kind of spectacular gain.