RE: [CANSLIM] Minimum Stock Price - $10

From: "David Taggart" <dctag@mavericktrading.com>
Subject: RE: [CANSLIM] Minimum Stock Price - $10
Date: Mon, 5 Aug 2002 12:12:24 -0600

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Top of Thread: [CANSLIM] Minimum Stock Price - $10 Gene Ricci
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Personally I just go with $10 for NYSE and Nas I find it works well and if
all things are equal I go with the higher priced stock.  I use that rule no
matter what time frame I am looking at whether it is a Position Trade or the
occasional Day Trade.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl
Sent: Monday, August 05, 2002 12:11 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Minimum Stock Price - $10


That's an odd quote - IBD says 20 is the minumum on NYSE and 16 on Nasdaq,
then they say 10 is a minimum.  Which is it?  well, I'll stick with my 15 or
thereabouts.

On 5 Aug 2002 at 13:06, Gene Ricci wrote:

> Actually, $10 is a bare minimum requirement.
>
> to quote IBD:
>
> Actually, $10 is a bare minimum requirement. Our studies have shown that
for
> New York Stock Exchange-listed stocks it's best to stick to stocks over
$20.
> And on the Nasdaq, a $16 minimum is what you should look for. Just because
a
> stock is in the Nasdaq 100 means absolutely nothing. The stocks in that
> index that have fallen under $10 are cheap for a reason, and therefore
> should be avoided.



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