Replies to post #724 on Value Microcaps Pick Six Lotto 08 (PSL8)

[lentinman]

Stocks per price group:

It is clear that the $5-$9.99 range is superior to other price groups - especially the one right below it ($3.00-$4.99). Also, the sample size is several hundred for each group, so there isn't much doubt left.

We've speculated on this before, but the most logical explanation is that more people are willing to buy a stock when it breaks $5.00 than before it does.

Shown below are the 8 contests and the returns for each price group in each contest.

Percent gain/loss per contest:

            PSL1   PSL2   PSL3   PSL4   PSL5   PSL6   PSL7   PSL8   CUMULATIVE  
 $0.25-0.99  14.43  31.23 -16.07   8.12  37.20 -11.09  -9.15  -4.11     6.97% 
 $1.00-2.99  26.29  12.84 - 6.73  11.40  13.73 -14.74  -2.96  -6.46     4.85% 
 $3.00-4.99  12.90  11.52 - 9.74   6.30  13.62 -10.28   7.82  -8.49     2.74% 
 $5.00-9.99  34.02  19.54 - 2.66  23.08  13.43   0.97  -0.54  -7.31    10.18%  
 $10.00+     16.42   5.49 - 0.12  16.41  10.17   3.76   2.53  -0.18     6.40%

Len