As I began paper trading I limited my universe to stocks in the $10-30 area, but after thinking about this today I don't know why I did it. I was thinking along the lines of "well at $60 I can buy twice as many $30 stocks or 4 times the amount of $15 stocks" Same difference. Having realized this I want to know if there are other characteretics that stocks within certain price ranges have. Why, for example, do people avoid really cheap stocks (under $5 or $10) if all stocks act the same regardless of their price range? Any comments are appreciated.