Once upon a time, long long ago, there was a reason to speculate. $1 stocks didn’t go to 50 cents and then zero automatically.. There was a time when little stocks could go a lot higher from the depths of obscurity, showing you 2x, 5x, even 10x your original investment. And then the nuclear winter of 2008 blew in and single digit stocks became penny stocks as investors lost their will to speculate (or to lose the rest of their money).
Well, don’t look now, but many of the stocks that were left for dead at the beginning of the year have put on tremendous moves.
According to Bespoke Investment Group, 332 stocks in the Russel 3000 have more than doubled this year…that’s more than 10% of the index!
Get a load of the top 40 names in that index, all of which have gained 400% or more. It’s the return of the Ten Bagger!
Full Disclosure: My commentary above is not an endorsement of any particular stock or investing style. Please do not trade based on anything you read here. For a full disclaimer, see my Terms & Conditions page.