R59: $5.00:
Those numbers came from SSK. They are updated in the IBOX at the end of each PSL contest. Those came from PSL5's RESULTS.
I'm pretty sure that they are only based on stock prices at the beginning of the contest, otherwise, they might have less significance. Clearly, if someone "bought" a stock with 2 weeks to go, it wouldn't go up much and that would skew the numbers of the price category it was in. Additionally, if you add new stocks, you would have to end old ones. So, if a person "sold" two weeks into the contest, that stock would have low returns also.
So, I'm confident that this represents all the original picks and how those original picks did as of the last day of the contest.
It is hard for me to see how the anomaly could be unique to our contest. I just can't think what could/would make that true.
But, let's speculate. Let's say that since we are all so obsessed with micro cap stocks that we tend to only look at more "expensive" (higher priced stocks) if we are extremely confident in them, thus perhaps those perform better than one would expect from us. But, the overwhelming problem with that argument is that if it were the case, then the $10+ should even be better as we would have to be even MORE confident of those stocks. But, 10%+ is below average. So, I'm left with a gnawing belief that $5 is semi pivotal for other reasons.
It would be even more interesting to see what the numbers were from $3-4, $4-5, $5-6, $6-7, $7-8, $8-9 and $9-$10. If there were a clear demarcation between $4-5 and $5-6, that might tell us more about whether there is any validity to the $5 issue. I doubt, however, that SSK even has the ability to evaluate that as I presume they were all just put into a particular category at the beginning of each contest and the exact price forgotten about.
Len
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