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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Sam Raven who wrote (47321)4/5/2002 7:28:50 AM
From: TREND1  Read Replies (2) of 99280
 
Sam
You wrote
"In just the last few weeks I read somewhere about research which showed that out of all the stocks that drop into the 10 dollar range, only 3% of them ever go back over...did anyone else read that somewhere? I'd sure like to look into that more, cause it is hard to believe."

answer:
Yes. I read the article too.
(1)Once a stock goes under $10 only 3.4% get back above
$10 in the next 12 months.
(2) I recall the study was done on all listed stocks.
(3) Maybe some one can post the study.

Larry Dudash
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