Congratulations, IS ... and ... re. performance vs. price, your results are very instructive.
I think this says a lot about your results:
initial price average gain
under $1 166%
> $1 and <$5 112%
over $5 49%
Russell 2000 4%
In my case, with stocks all between $1 and $6:
The half that were lower priced returned +41.5%
The half that were higher priced returned +31.2%.
It's clear that there's a lot to gain by moving to lower-priced stocks, for the January effect.
I tried to exclude stocks under $1.50 to help avoid delistings, but the one delisting you got during January actually didn't hurt the stock price. Moreover, delistings based on stock price don't happen very fast. After the stock has been below $1 for 30 days, the company gets a warning, then it gets another 90 days grace period, and if it petitions it can get even more time. So, if the stock traded above $1 in November, you don't need to worry about a delisting until March.
So next year I'll focus on stocks below $1. It won't come naturally to a value investor like me, but it's hard to argue with the results we've seen. |
