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Rolling Stocks
Years ago I read about a strategy that involved watching for stocks that took on a pattern of rising and falling between a certain range. The author of the book referred to this as a "rolling stock". Usually the pattern happened at specific times during the year when sales were historically high and low for the company.
The author of the book used the example TBY, which was TCBY yogurt. It seems that it's not traded anymore, but the way it "rolled" was during the winter months, after the hot summer months and increased sales, the stock would rise to an average of $7 roughly. Then, after a slow selling winter period, the stock would drop to around $5 or less. The nice thing about TCBY was that it would fluctuate like clockwork in $5 to $7 range constantly also. The idea was to buy on low and sell on the high of course.
I'm just wondering if anyone knows of any other lower priced stocks that tend to do this, without getting to deep into cheap or penny stocks.
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