WINDERMERE, Fla. ( Stockpickr) -- There isn't a day that goes by on Wall Street where stocks trading near or under $10 a share don't experience massive spikes higher. Traders savvy enough to follow the low-priced names and trade them with discipline and sound risk management are banking ridiculous coin on a regular basis.
Just take a look at some of the hot movers in the under-$10 complex from Wednesday, including Gevo (GEVO), which skyrocketed higher by 30%; James River Coal (JRCC), which surged 27%; Medgenics (MGDN), which ripped higher by 25%; and ValueVision (VVTV), which closed up 17%. You don't even have to catch the entire move in lower-priced stocks such as these to make outsized returns when trading.
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