Re: [CANSLIM] Minimum Stock Price - $10

From: Warren Keuffel <wkeuffel@xmission.com>
Subject: Re: [CANSLIM] Minimum Stock Price - $10
Date: Mon, 05 Aug 2002 13:54:52 -0600

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I think David makes an important point here. If we set our mechanical parameters
a bit loose and use our brains a bit more we are hopefully likely to find the
occasional outlier that deserves our attention.

Warren

David Taggart wrote:

> 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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