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Gold/Mining/Energy : $0.50 & UNDER (Short term trades) -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (632)	2/10/1998 12:02:00 AM
From: Ed Pakstas	Read Replies (1) \| Respond to of 783

John... I think it would complicate things even more if one where to use a total dollar investment... It's easy if u use the closing price of a pick on a specified date for an entry.... The trick for the contestant is going to be the calling and posting of the exit price on his/her pick, at or prior to the expiry of month... I will maintain the Tracker on a weekly basis and I think what I'm going to have to do is set up another Tracker with strictly exit prices as posted by contestants... In essence we'll probably end up having 2 Trackers going at the same time... One for those that are holding their positions up until the expiry of the month and one for those that have chosen earlier exit points prior to the expiry date... If u look back at the Trackers on this thread I think you'll find that If the stock had no movement of more than 10% (either way) over a thirty day period it was eliminated... It seemed to work and the opportunity to replace a pick was there... In this contest it won't matter as a new one will start every 30 days.... Each pick will be on it's own, thus giving a contestant 3 shots at first place... I think that if we leave it as a highest percentage gain of any one pick. entry point to exit point (even if it means breaking it down to decimal points) it will be much easier... Lets leave the dollar investment amount up to the individual... If this pans out, I'll talk to Jill about an annual award (an SI trophy/plaque or something for the one most and highest 30 day picks over a one year period... One may also wish to repeat his pick for the following month, if he/she felt there wasn't sufficient or any movement in the price... In that event, I think a new entry price must be established... Comments on such guidelines are welcomed... It'll take some work but I think with a combined effort we can make this contest work... Who knows, we all may be able to make a few sheckles off of it to... ...ed