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Pastimes : SI International Ope' Stock Picking Contest -- Ignore unavailable to you. Want to Upgrade?

To: Lucky who wrote (807)	8/19/1998 3:05:00 PM
From: Gator	Read Replies (1) \| Respond to of 2640

I kind of agree with not allowing both the stock and the warrant being picked. One or the other I think would be okay. Again though, I don't think he should be disqualified since warrants weren't explicity disallowed in the rules. They kind of fall into a gray area. I would say for this month to let him go and make the rules more explicit in the next contest (i.e. "stock warrants are allowed, but they cannot be chosen along with the underlying security"). Besides, KTWO just filed for a 30 day extention for filing their earnings, so the people who bought in for a quick pop will probably exit here shortly. It's already come down a good bit the last few days. Gator

To: Lucky who wrote (807)	8/19/1998 7:10:00 PM
From: Tom C.	Respond to of 2640

Warrants Are NOT stocks, they clearly provide leverage similar to stock options. I also agree that picking two securities in the same firm violates the spirit of having to choose 5 (Not 1,2,3, or 4)! Also, this participant did not accidently pick a warrant, as evidenced by his picking both the common and the warrant. Someone made the point this could work against as well. Well, I believe lots of us (myself included) picked much more aggressively in this contest than had this been real money. I'd have gladly picked 5 options or warrants had I had that possibility. I propose eliminating the warrant, and spreading his 100K amongst the 4 stocks. Just my 2cents, Tom C. (Am I still in the Top 100????)