Gary Halbert · whole document (80)
zflk blitzkrieg paradigm
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.
Here's what my preliminary research seems to
indicate. Of all stocks which gained 50% or more in one day of
trading...
Less Than 2%
Were Stocks Listed On
The AMEX Exchange
Guess how I eliminated my first sizable group
of horses? (Oops, I mean stocks.) Simple. I decided to ignore
the AMEX. Mushing on, I discovered...
Only 9% Of The
Top Gainers Came From
The NYSE
I decided to ignore the NYSE also...
because... the plain fact of the matter is...
89% Of All Those
Big Gainers Came From
The NASDAQ
Now, let's talk about price. Of all stocks
that gained 50% or more in price in one day, NONE of those
stocks were "penny stocks" which had a price of less
than $1.00. And yes, Virginia, there are stocks which sell for
less than one buck on all three exchanges... even the NYSE.
Here's the rest of the breakdown:
Stocks priced at $1.00 to $1.99 represented
9.8% of the big gainers.
Stocks priced at $2.00 to $2.99 represented
9.4% of the big gainers.
Stocks priced from $3.00 to $3.99 made up 3.7%
of the big gainers.