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larrybaz

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larrybaz

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Re: hweb2 post# 87200

Thursday, 05/13/2021 6:23:55 PM

Thursday, May 13, 2021 6:23:55 PM

Post# of 129717
I think the low-priced issues in general have cooled. I just did a screen for listed stocks under $2 and it spit out 303 of them. There were 14 unchanged, 39 up, and 250 down today. Those are sobering numbers considering the major averages were all up today.

I welcome the change since the microcaps have seemed really over-priced for a while now.

I notice when companies report a bad quarter recently there is a price to pay, whereas for a while they were getting a slap on the wrist.

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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