So you are buying around 40 cent stocks. Your criteria is <50c or between, lets say 25 and 75c? Do you bother with 1 cent stocks? Do you pick all stocks on all exchanges (Nas, OTCBB, .PKs?)
My criteria for buying: 1. $0.1 < price < $1 2. price < 2 x 52-week low 3. NYSE, AMEX, and NASDAQ stocks only (IB commsion for OTC stocks is $30)