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Message: SMALLER MICROCAP INDICES
The PCMC Bulletin Board 30 Index This index is comprised of 30 stocks that were selected based on a host of qualitative and quantitative criteria, such as, but not limited to: (1) three month average trade volume, (2) market capitalization, (3) historical stock price, (4) shares outstanding, (5) estimated float, (6) sales, (7) operating history, and (8) sector/industry diversity. Due to the lack of trade activity, many notable OTCBB stocks were omitted. The Davren Penny Stock Index Davren says that their index is made up of 50 companies, all trading from $0.01 to $5.00 at the time of being added to the index. They represent a broad spectrum of starting prices, with all pricing levels being represented. Every major industry is represented. Almost every major sector has representative stocks as part of the Penny Stock Index. Indexes at OTCBBTrader.com & MicrocapTrade.com The MicrocapTrade 100 Index is the new stock performance benchmark for the OTCBB microcap equity market. The first and only index of its kind, the MicrocapTrade 100 acts as a broad market indicator for the U.S. OTCBB microcap market, a severely neglected yet very important market segment. As the only barometer devoted exclusively to microcap and "nanocap" stocks (pennystocks), the MicroCap 100 represents many of the fastest growing development-stage companies in industries such as technology, software, internet, telecommunications, biotechnology, healthcare and oil & gas. The OTCBBTrader site offers free basic info. and the main MicrocapTrade site offers in-depth paid info. MicrocapTrade also shows the following OTCBB sector indices: Technology 25, Biotech 20, Telecom 15, Oil & Gas 15, Mining 15, Medical 10 In addition, they feature a running daily composite showing the Total Share Volume, the Total Estimated Dollar Volume, the Total Number of Trades, and the Average Price Per share. Bowser Microcap Index Started in August 2001, this index is available only to people who subscribe to "The Bowser Report", a leading newsletter covering stocks $3 a share or less. Here is a link to an article about the index. When selected, the index's 50 stocks had market capitalizations mostly under $50 million, a price of $3 or less and a rating of 8 or higher under Bowser's system, which is balance sheet oriented. Mr. Bowser looks at current assets and current liabilities for an indication of working capital. He looks at earnings over last the five years, and current earnings are double weighted. He likes to see a small amount of debt or none at all. He also prefers companies with a small amount of shares outstanding who don't have many people buying. According to a Nov 2003 article (Daily Press - Knight Ridder/Tribune Business News), the index had a 101 percent increase compared to the Dow Jones Industrial Average's 8 percent decline during the same period of a little more than two years. The DonPenny.com Emerging Growth Equity Index and Nanotechnology Index Both include a number of OTCBB companies plus a few pinks and other small companies. Since its creation in September of 2002, the DonPenny.com research team has used the DonPenny.com Nanotechnology Index to track their nanotechnology stock picks. It looks like the Website also plans to create more industry indices. To view the indices you will need to sign up for a (free) Website membership. The MicroCap 1000 Index This is available via a number of brokers and, along with other current indices, at financial news sources such as Tampa Bay (link at left). The index was started around the year 2000 by a company called MicroCap1000.com (AmericaInvest) which disappeared. Next it was powered by Stockpoint which was taken over by Marketwatch which, in turn, has been acquired by Dow Jones. However, Dow Jones Marketwatch says that, although this is one of the indices they provide in their services, index figures are supplied by Comstock and are being maintained elswhere. Comstock says they do not supply the index to Marketwatch! The original description said it measures the daily price performance of companies with equity capitalization of under $500 million, identifying and tracking the premiere companies within the MicroCap sector. Unlike many other indices, this one did not specifically exclude OTCBB companies. The StockSmart MicroCap Index is (or was) compiled by StockSmart. The last time we looked at their site we could not find the index; however it may be there as a paid subscription feature only. (Some features of their site are free and some paid.) Previously, they said their MicroCap index consists of Common Stocks with Market Cap between $1MM and $50MM, minimum price $1.00 and average daily volume exceeding 10,000 shares. They did not say whether or not they include OTCBB stocks but a random sampling of the stocks in the index showed only NASDAQ National Market System and NASDAQ Small Cap companies.
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