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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (8408)	9/3/1999 10:25:00 AM
From: Bernie Goldberg	Respond to of 18928

That is correct. You may have read it in more than one place as I have. Bernie

To: OldAIMGuy who wrote (8408)	9/5/1999 9:23:00 PM
From: Larry Grzemkowski	Read Replies (1) \| Respond to of 18928

Hi Tom Just catching up on the thread. I have been on vacation the past 2 weeks. I used a scan in QP2 to find AIM canidates because you just can't use BETA. I think BETA only tells you how the stock moves in relationship to the market. What I did is scan the total stock universe (NYSE, NASDAQ & ASE) for stocks where the stock low close/stock high close <0.5 for the last three years. I just ran the scan again 9/5/99 and I got 1296 hits. Now of course a one year scan may give higher results because I was looking at a stock having to do this for three years in a row which is what we want for AIM. I'll do the one year scan just to see how close it comes to your 50% figure. OK I did the one year scan and I got 3895 hits. So I guess it would be more like 25 to 30% of the stocks have a 50% change from high to low close in a years time. Well at least in the last year they did. Hope this helps. Larry G