In 2003, Tim Melvin, the co-author of recent bestseller The Little Book of Value Investing with Christopher Browne from Tweedy Browne, told me about a system he tested for 2002. At the beginning of every month, buy every stock below $3 on the NYSE. Sell at the end of the month and begin again."The result," he told me, "was an over 200% return for 2002, the worst year in 30 years in the market."
Stockpickr: The Top NYSE Stocks Under $5
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