Gary Halbert · whole document (80)
zflk blitzkrieg paradigm
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.
Stocks priced from $4.00 to $4.99 made up 2.1%
of the big gainers.
Stocks priced from $5.00 to $5.99 made up 3.2%
(a little statistical anomaly there) of the big gainers.
Finally...
All Stocks Priced
$6.00 Or More Represented
Only 4% Of The
Big Gainers
So, Buckwheat, here's what I've decided so
far: I'm only going to bet on stocks listed on the NASDAQ
priced from $1.00 to $2.99... because... those stocks
represent 19.2% of all the big gainers... and... these two
selection criteria have enabled me to eliminate having to
examine 98.5% of all stocks listed on all three of the
major exchanges.