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Strategies & Market Trends : 2002 Canadian Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: geoffb_si who wrote (12)12/24/2001 7:19:12 AM
From: Al Collard  Read Replies (1) | Respond to of 1590
 
"Wish we could pick stocks under a buck"

Geoff,

The reason for restricting picks to over a buck is to stop entrants from picking moon-shots. Seeing how the contest will last for the whole year it would be nice to keep entrants in the game. Although moon-shot picks can be very profitable if you pick the right one, many tend to fizzle as they are news driven. Would hate to see an entrant pick a $.10 stock and watch it drop to a penny on bad news as that would obviously take them out of the game for the year.

Regards,
Al

ps: Should we allow short picks also? Open to suggestions on this and the majority will have the final say on this rule.