On a day where the bears ruled, it is advantageous to look at those few stocks that increased in price when the majority got crushed. Look below at Friday’s close…Nasdaq down 2.96%
NYSE down 2.72%
AMEX down 2.32%
Microcaps to the Rescue…
I asked Quazimoto to search between stocks that meet the criteria for a micro cap and then compare this to the general market. Interestingly, 10.6% of stocks trading between $10 and $100 across the major markets finished the day with a gain while 26.0% of microcaps finished the day with a gain. Diving a little deeper, the majority of microcaps that fought the tide on Friday traded in the $1 to $4 range. This is another reason why I like to trade the pennies and micros when the market is flat or bearish.
During Quazi’s search, some of the stand-out stocks that have continued to reside in the “never say die” category over the last few months include:
Boots and Coots; Stock Symbol: WEL (+6%)
Endeavour Int’l Corp; Stock Symbol: END (+11%)
Uranerz Energy; Stock Symbol: URZ (+6%)
Urologix Inc; Stock Symbol: ULGX (+5%).
Energy, health, and metals/mining continue to rule the day.
Some of the stocks listed above would benefit from a little retracement but the overall trend for each still points upward.