Perpetual Lottery Tickets Drawer

Quote from random trader:



I am smarter than that. :D

I use IB, where the commision is $1 for 100 shares. N=14, X=$567, so the average purchase price is $567/14 = $40.5. Not as bad as you think, huh?

"If a stock costs a penny"? Where did you get the idea I am buying $0.01 stocks? Pay attention dude!
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So you are buying around 40 cent stocks.

Your criteria is <50c or between, lets say 25 and 75c?
Do you bother with 1 cent stocks?

Do you pick all stocks on all exchanges (Nas, OTCBB, .PKs?)
 
Quote from AnonymousTrader:



So you are buying around 40 cent stocks.

Your criteria is <50c or between, lets say 25 and 75c?
Do you bother with 1 cent stocks?

Do you pick all stocks on all exchanges (Nas, OTCBB, .PKs?)
More...


My criteria for buying:
1. $0.1 < price < $1
2. price < 2 x 52-week low
3. NYSE, AMEX, and NASDAQ stocks only (IB commsion for OTC stocks is $30)
 
Quote from random trader:




My criteria for buying:
1. $0.1 < price < $1
2. price < 2 x 52-week low
3. NYSE, AMEX, and NASDAQ stocks only (IB commsion for OTC stocks is $30)
More...

Criterion 1 AND Criterion 2
or
Criterion 1 OR Criterion 2

?
 
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