Picks of the quarter Message Board

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Strategies & Market Trends : Picks of the quarter

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Jan 12 2:57 PM EST

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To: Elroy who wrote (618)	3/8/2006 12:21:28 PM
From: Jorj X Mckie	Read Replies (1) of 20435

I think that the flaw is in the way the contest is structured for buying. Having run one or two of these things before, I found that the best way to start them is to have entry at the best price on the stock on the first day of entry. It should mimic real life as much as possible. If I put my picks in after the market closed last night (which I did), I certainly shouldn't get yesterday's closing price as my entry. If I were to amend the rules, I would say: 1. Entry price on first day of the contest will be the lowest price of the day. Alternately, you could say "opening price", "closing price" or "price at X:XXam/pm" 2. Trades after the start of the contest will be based on the timestamp of the post announcing the trade. So, with the NYSE/arch trade, you just give him the best price for actual trades today and there is no benefit if there was a gap up, since if there was no way to buy the stock at the time the entry was made, it doesn't mimic real market opportunity. IMVHO

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