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So the sub-$10 filter is a quick and easy filter to try and limit the universe to stocks that have the greatest growth potential. I think it's too low for the US market. Does such a psychological price level exist on US stocks?Also, due to the relative size differences between the 2 markets if I were to apply TT on the US I reckon you'd want to include some of the Russell 2000 stocks. On the ASX companies from 100th to 300th by market cap are categorically small caps, but you can trade them on margin. Does such a group exist in the US? I agree 100% with what you describe re: unadjusted historical data. I can't see a way to solve the dividend problem, but I think we're in a somewhat fortunate position here on the ASX as stock splits occur seldom, compared with the US.Take QBE for example...back in 1985 it was trading at just over 50c. Now its up over $34. From what I can tell it's never split. In the US you might say don't buy stocks under $10 or $15 USD because they're there for a reason ie. That level in Aust (as per an estimate by Nick) could be as low as 20c AUD. Even if it's 50c, that means in US market terms QBE is currently trading at $1,170...if 20c is that level then QBE is trading at just under $3,000 a share!
So the sub-$10 filter is a quick and easy filter to try and limit the universe to stocks that have the greatest growth potential. I think it's too low for the US market. Does such a psychological price level exist on US stocks?
Also, due to the relative size differences between the 2 markets if I were to apply TT on the US I reckon you'd want to include some of the Russell 2000 stocks. On the ASX companies from 100th to 300th by market cap are categorically small caps, but you can trade them on margin. Does such a group exist in the US?
I agree 100% with what you describe re: unadjusted historical data. I can't see a way to solve the dividend problem, but I think we're in a somewhat fortunate position here on the ASX as stock splits occur seldom, compared with the US.
Take QBE for example...back in 1985 it was trading at just over 50c. Now its up over $34. From what I can tell it's never split. In the US you might say don't buy stocks under $10 or $15 USD because they're there for a reason ie. That level in Aust (as per an estimate by Nick) could be as low as 20c AUD. Even if it's 50c, that means in US market terms QBE is currently trading at $1,170...if 20c is that level then QBE is trading at just under $3,000 a share!
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