Well Speedy, I saw your post and decided to do a scan for all NASDAQ stocks that have fallen more that 95% off their 52 week highs ....
.... Schwab found 401 stocks meeting this criteria !! And noooooooo ..... this does not include the OTCBB. By the way, that's 8.4 percent (1 out of every 12) of all NASDAQ listed stocks !
So I modified the scan to look for NASDAQ stocks that have fallen 98% (the opposite of a 50-bagger !!) and are trading under 50 cents.
... Schwab still found 117 stocks ! Here are some memorable ones:
TDFX, BYND, CFON, DSTR, ETYS, GLMC, IMON, INTW, LEXR, NETR, NCDI, NPNT, IPET, POPM, PASA, TCTY, TGLO
quote.yahoo.com
I did a simple scan for NASDAQ stocks that are down 90% from their 52 weeks highs -- Schwab found 788, which is 1 out of every 6 ! Welcome to the new economy.
Having said that, I'm guessing there's another list of stocks out there (like LU ?) that a year from now we'll all be saying "I can't believe it was trading at $x.xx and I was too chicken to buy !!"
Chris |
