Low Priced Stocks

[billyjoe]

Is anyone else ever concerned about the number of low priced stocks mentioned in this forum? I'm not an advocate of IBD that stays away from all stocks under $15 , but you'd probably have to admit it's easier to lose faster with a low priced stock. In our recent stock picking contest, six of the worst 7 picks were stocks under $10 , only ridemhigher's MTEX priced at 14.63 made any significant gain. These poor performers weren't just pulled out of a hat. I'm sure some research went into the picks and something promising was seen in each of them. Maybe I'm just too conservative , but one of my goals is to pick a stock that has little chance of a sudden drop . Let me know how you think, pro or con. Thanks.
billyjoe
p.s. just checked the huge one's winners 7 of 62 were purchased below 15.00

[Websman]

I get off on the price action of low price stocks. Some of my best trades have been on stocks under $15.

I've made a lot of $$$ on SIRI!

It's kind of like going to the casino. You can lose or win big, but it's always a rush...

[scifos]

In our recent stock picking contest, six of the worst 7 picks were stocks under $10 ... These poor performers weren't just pulled out of a hat.

Mine were pulled out of a hat. I'm not joking. I'd do that sort of thing for a silly contest, however, when it comes to my real money I do try to stay above $10. True, there isn't as much price action, but my real money is weary of that much action.

[IIC]

I think it is true...low priced stocks tend to be more volatile than higher priced issues...I guess it depends on your goals and tolerance for risk. When I buy lower priced stocks I buy smaller dollar amounts myself. But in the long run, I'd say I don't do all that great on stocks under $4.00 share...especially when I buy them for over $10.00 a share...IIC

[MEA_1956]

As stated before, I fell the only way a person has chance to compete with M.M. is to go out on a limb and pick a stock that has a running start and the possibablitys of going out with a bang. Instead, my picks just fizzled, And my account ended up being the winner. ===> MEA

[lak]

Curious to see how people feel about this now? I play a few low priced stocks here and there......... find it a worthy challenge and quite profitable, once in a while! But overall feel the lower priced stocks are not as porfitable as last year and am leaning toward higher priced now.

[mrmarket]

I've thrown a few sheckles at these.

ASPN.OB
ERTH.OB
FLTK.OB
GPOR.OB
HCAR.OB
KILN.PK
LLOG.OB
MCET.OB
OISI.OB
XKEM.OB


Anyone like any of these?

[MEA_1956]

Home builders

You beat me to the punch line,Earnings EARNY, I was going to make a comment on LLOG.ob and how it was up over 47.43% since you first spotteded it, but O Well. I like them all, but you know me, I'm kinda a low $$$$$ Man.
How about GTE I'm in at 0.36 an loveing it, TREN.ob is another bonus on my plate, in at 0.98. Still holding on to OHB, which is up 37.51%.

Well Time to hit the hay, SKY Lites to repair tomarrow. Marlin

[spikefader]

I've thrown a few sheckles at these.
ASPN.OB
ERTH.OB
FLTK.OB
GPOR.OB
HCAR.OB
KILN.PK
LLOG.OB
MCET.OB
OISI.OB
XKEM.OB
Anyone like any of these?

FLTK looks great.

[jiesen]

I've thrown a few sheckles at these.

ASPN.OB
ERTH.OB
FLTK.OB
GPOR.OB
HCAR.OB
KILN.PK
LLOG.OB
MCET.OB
OISI.OB
XKEM.OB


Anyone like any of these?

So far I'm liking OISI, LLOG, HCAR (a lot), for value, and ASPN for growth. FLTK looks ok. KILN looks really cheap, but what's the catch?

I'm neutral on XKEM, GPOR, and ERTH and I'm negative on MCET.

[sowersnc]

I find I am a little more jumpy with low priced ones. I have owned one that I had too much money in and it went from 10 to bankrupt in a year.

I get some comfort in seeing a large price, low PE, lower future PE, nice growth rate and a nice balance sheet. Having those things allow me to have some balls on the dips.

[mrmarket]

Press Release Source: Flotek Industries, Inc.


Flotek Industries, Inc. Quarterly Profit More Than Triples
Tuesday July 26, 6:00 am ET


HOUSTON, TX--(MARKET WIRE)--Jul 26, 2005 -- Flotek Industries, Inc. (OTC BB:FLTK.OB - News) on Monday announced its second-quarter profits rose 350% to $2.0 million, on total sales of $12.5 million up 159% from 2004.
Net income for the second quarter increased to $2.0 million, or 29 cents per share, from $0.4 million, or 7 cents per share, a year ago. Earnings per share of 29 cents represent a 32% sequential increase over first quarter 2005 earnings per share of 22 cents. Looking ahead, the company said it expects to meet its full year earnings forecast of $1.00 to $1.05 per share.

Financial Results (in thousands, except per share amounts):

Three Months Ended Six Months Ended
June 30, June 30, June 30, June 30,
2005 2004 2005 2004
------- ------ ------- ------
Revenue $12,461 $4,811 $23,502 $9,607

Net Income $ 1,989 $ 442 $ 3,457 $ 676

Basic EPS $ 0.29 $ 0.07 $ 0.51 $ 0.10
Diluted EPS $ 0.26 $ 0.06 $ 0.46 $ 0.10
ADVERTISEMENT



Organic growth within our Chemicals and Logistics segment combined with the expansion of our Drilling Products segment produced the increase in sales and profit. Sales of our proprietary chemical line continue to grow bolstered by strong margins in our downhole drilling tool operations.

Chairman and CEO, Jerry D. Dumas, Sr., commented, "We delivered strong second quarter results, with profit growth outpacing our revenue growth. We remain focused and disciplined on producing above market profits in our three core segments: Specialty Chemicals & Logistics, Drilling Products and Production Products."

Shares of Flotek's common stock will begin trading on the American Stock Exchange under the symbol "FTK" on July 27, 2005.

More detail will be available in the Company's 10-QSB to be filed with the SEC. For product information and additional information on the Company, please visit Flotek's web site at http://www.flotekind.com.

Flotek is a publicly traded company involved in the manufacturing and marketing of innovative specialty chemicals, downhole drilling and production equipment, and management of automated bulk material handling, loading and blending facilities. It serves major and independent companies in the domestic and international oilfield service industry.

[mrmarket]

Anyone else in here liking ASPN.OB today?

[spikefader]

Anyone else in here liking ASPN.OB today?

Yup, and here's the smart entry:

[spikefader]

FLTK looks great.

And the latest entry point: