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Non-Tech : YEAR 2000 STOCK PICKING CONTEST
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To: Katie Kommando who wrote (590)1/4/2000 12:15:00 AM
From: Richard Tsang  Read Replies (1) of 1146
 
Katie, there must be good reason to use the opening price as the start price as it is really the beginning price for the year. However, we all know that the start price this morning was not a good reference point. Many are due to market buy order imbalance. Take BLSW as the case, the price started at 130 1/2, but closed at 113 and change. Many of the stocks listed have similar situation.

If the starting price is used to measure the growth of stock price by year end, I think the 1999 closing price may be a better reference point. FWIW.

Richard
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