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I've been watching BKR.A stock since it was ~$99,000.
And yes, it is because I think I can get more value from a stock that is $5 than is $100. You are right though, price will not have any bearing on the investment value, but the growth potential may be better although it is on a case by case basis. |
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I think you understand when you say "although it is on a case by case basis" and if you consider that when looking at whatever price stock you might be considering then OK. Otherwise there is no reason using price alone a $5 stock has better growth prospects than a $100 stock.
Look at GOOG at $650 comparing to GM at $23. Which has greater growth potential. Now whether that greater growth potential turns into stock appreciation is another story.
I trade and invest only through an IRA and use very little funnymentals in my analysis but if I did the current price would be looked at after all other factors were considered. I trade short term using TA so price is the first thing I look at.