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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (40669)6/17/2002 6:33:49 AM
From: Ron McKinnon  Read Replies (1) of 53068
 
>>>Of the nearly 300 stocks that have doubled in price during the past year, all but 17 have market values below $1 billion, according to
Baseline, which tracks stock prices

that is one of the main reason why these have done so well

there is a vast amount of money in the fund world
with low float small caps a very small amount of buying can move the stock price

as an example, the ENTIRE market value of that group of 300 stocks is LESS than what the market cap of say GE INTC MSFT etc were at the peak

so if a few funds play the monkey see game they can move a stock or a sector at will

it is six months to a year late for this new "nifty 300" but is does show that in a horrible 3 year market there was big money to be made

PS
I'm thinking of taking on a new position today in KRB, for the Z also
any input?
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