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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?


To: Taro who wrote (6829)12/27/2008 6:55:04 PM
From: Sr K  Read Replies (2) | Respond to of 20435
 
Taro, It only came up because the setter of the rules did it.

Message 25247636

BTW, if TELOZ closes above $5 today, I'll make my position $50 short TELOZ, and $50 long OVTI. If TELOZ is below $5, then it'll be $50 long OVTI and $50 UIS.....yikes!

---

That was (for TELOZ or UIS)
IF Condition A, Short/Long Position A;
IF NOT Condition A, Short/Long Position B

At least, in my version it was

IF Condition A, Short/Long Position A;
IF NOT Condition A, cancel that order (i.e., hold the cash = same consequence as if an Order is invalid, it is void)

I was trying to be careful that if one line of my order was invalid, it would only void that line and not the entire order.

I agree, with the first part of your last line, but "before the opening bell of your trading Fridays" is a change of rule. We always could place orders until before the close. Did you mean to change this?



To: Taro who wrote (6829)12/27/2008 7:21:19 PM
From: Sr K  Respond to of 20435
 
We provide in Rule 3:

In clear language, still no purchases of bulletin boards or pinko sheets, but if delisted during a round you can still keep your picks as per the rule above.

but we should be clear that if a stock gets delisted, you can also close that position (for example, sell a long position on pinkotc.com or buy to cover on pinkotc). Pinksheets.com is now using pinkotc.com, but both work.
pinkotc.com