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

To: Taro who wrote (7283)	3/27/2009 5:07:02 PM
From: Bank Holding Company	Respond to of 20435

Great!

To: Taro who wrote (7283)	3/27/2009 6:03:33 PM
From: Sr K	Read Replies (2) \| Respond to of 20435

Taro and rubberband - Taro's question is not an order and "Great!" is not an order and "buy orders must be in no later than same day's market close." As always, Elroy rules. Taro, actually, that rule should be "buy orders must be in prior to the same day's market close for that stock" 4:00 PM ET is too late and we don't allow placing an order to buy (or cover) a halted stock. Similarly for selling, but the rules have to allow selling a stock that no longer trades, such as DNA. A player could hold an existing position in a stock that was bought out or is in the process of being bought out, such as DNA, and not pay the 1% to sell, as long as Elroy can get the "price". Otherwise, the shares convert to the cash merger proceeds a shareholder gets or the other security(ies) paid in the merger or acquisition. Such a payment is not considered a "dividend" which otherwise we ignore in this game. If I missed any fine points, someone will point them out.