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Pastimes : Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Scott Lux who wrote (1554)	2/2/2001 2:26:28 PM
From: maverick61	Respond to of 2402

Scott, one other question that probably hasn't been addressed - how will you handle stock spinoffs from our picks. They obviously need added to the 5 stocks once spun off - since the value of the origianl stock included them at Feb 1. For example, if someone chose EMC, on Feb 7th, they will receive 3.6 shares of MCDT for 100 shares of EMC. There has to be some way of adding those 3.6 shares of MCDT to that persons portfolio (probably the easiest is with a zero cost basis - rather than trying to adjust the basis between EMC and MCDT). You can't just ignore the 3.6 shares of MCDT because in theory, EMC's price already reflects that asset in it - so when they spin it off as a separate issue, the holder will have both the EMC and MCDT shares BTW - No, I don't have EMC in my port - but I am sure someone may have it or other stocks which will have similiar spinoffs. One of my penny stocks may indeed just have this happen and I want to know how to handle if it does. Thanks

To: Scott Lux who wrote (1554)	2/2/2001 2:28:54 PM
From: Susan Saline	Respond to of 2402

you could ask pz how he calculeted the percent return on our Z contest results Message 15278505

To: Scott Lux who wrote (1554)	2/2/2001 10:22:33 PM
From: Skip Miller	Read Replies (1) \| Respond to of 2402

Scott, If you are asking for opinions on the calculation of percentages, here is mine. The % gain of a portfolio is based on dollars gained divided by original cost . This is the way SI portfolio does it. If some folks wanted their stocks to be weighted equally, they could have selected stocks all with the same price. I vote for using the Portfolio Total % Gain as of close of Month. Thanks for your hard work on this contest and good luck to all.......... Skip