That was often the message I was greeted with by mutual hedge fund
managers as I sat down to discuss my latest picks with them. As a Wall
Street analyst, it was my job to help these managers discover winning
ideas.
And unfortunately, many of them were restricted from buying any stocks priced below $5.
It's an arbitrary rule established by boards of directors at funds... but one that the rest of us can profit from.
That's because once a stock reaches $5, a lot of these same fund
managers start to consider such stocks -- and if they like what they
see, they'll push shares yet higher as they take a stake. (more)
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