Expanding Coverage of Stocks

Up until now we have been tracking a limited number of Internet related stocks in compiling our weekly Movers & Shakers Report. But after the market setback in April and May, Internet stocks have lost some of their luster and some of their interest among my readers. There are, after all, other fish in the sea. Other stocks to invest in besides technology.

So to improve our service to you, we've decided to compile our Movers & Shakers Report from a larger universe of stocks. Although we would like to cover all the stocks traded in Canada, this would prove to be too unwieldy. Consider that as of Friday, there were 1773 stocks traded on the TSE, 2330 on the CDNX and another 535 on the Canadian Dealing Network (CDN OTC). Of these 1126 had moves greater than 10% for the week. If we limited ourselves to stocks trading over a dollar a share, the numbers get more manageable - 237. But that's still too many to put into our report, which we'd like to keep to under a hundred stocks.

Below is a table showing some statistics on the different parameters we considered.

Exchange	Stock Price	+10%	+20%	-10%	-20%
TSE 1773 Stocks	All	130	54	136	33
	Over $1	79	27	53	9
	Over $2	63	21	36	7
	Over $5	43	15	18	5
CDNX 2330 Stocks	All	314	168	434	194
	Over $1	46	21	43	11
	Over $2	20	9	17	3
	Over $5	5	1	3	1
CDN 535 Stocks	All	42	34	70	35
	Over $1	7	5	9	4
	Over $2	3	3	4	3
	Over $5	1	1	1	1

So we were faced with several options. Looking at all the stocks, or just those trading over a dollar a share is too unwieldy as noted. Limiting ourselves to stocks trading over $5 is too restrictive. Although the number of stocks that would go into our Movers & Shakers table would be a manageable 71, the CDNX and CDN would be under-represented as so few of their shares trade over $5. In fact, as of Friday, only 56 of the 2330 stocks on the CDNX traded over $5. The CDN had a few more with 64 stocks over $5.

That leaves us with stocks trading over $2. That would produce a table of 143 stocks for our report, still too many. But since we're focused on the upside, we could restrict the list to upside stocks only. There were 132 trading over a dollar that moved up 10% or more. Still too many. But there were only 86 trading over $2, a nice manageable figure.

We could add some downside numbers by limiting those to ones moving 20% on the downside. That would add another 13, bringing the total charted to 99. Still manageable. Or we could restrict ourselves just to stocks moving over 20% entirely. That would produce 46 stocks trading over $2 and 77 trading over $1.

So these are the options: Stocks trading over $2 moving 10% to the upside or 20% to the downside, stocks trading over $2 moving 20% either way, stocks trading over a dollar moving 20% either way, or stocks trading over $2 moving up 10% or more and omitting downside stocks.

I've opted to chart stocks moving 20% or more trading over a dollar a share for now. It covers a greater universe of total stocks while limiting the number of stocks in our weekly table. But if you have any strong preferences for another option, please email me. If there is enough demand I'll explore one of the other options.

Because of these changes, I'll no longer be updating our Mover & Shakers Master List. This list, as you'll recall, includes the Internet stocks followed in compiling our reports up to now. These stocks will be moved over the next week or three into tables similar to our Internet Penny Stock List divided into groupings by stock price. They'll include links to our profile page (or the Carlson Online reference page if we haven't done a profile yet), the corporate website and the current stock table for each stock, as well as a very short description of the company's Internet business.

Our weekly stock profile has usually been of the company topping our report. This will continue, but now will cover stocks in other sectors besides the Internet. If gold takes off, for example, you'll start to see profiles of gold mining companies. If oil stocks continue to boom, you'll see profiles of oil companies. This will keep us profiling stocks in the sectors that are currently hot.

	Other Links of Interest

	Canadian Internet Index Movers & Shakers Report Profile: Kasten Chase Internet Penny Stocks Internet Stock Profiles Previous Movers & Shakers

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