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Gold/Mining/Energy : The 1999 SI $1.00 & Under Canadian Stock Market Contes -- Ignore unavailable to you. Want to Upgrade?

To: J.P.Campbell who wrote (63)	1/3/1999 10:40:00 PM
From: Buckey	Read Replies (1) \| Respond to of 740

1.Can the cash from the sell be split over 2 stocks (not to exceed 3 in total in the portfolio)? Answer - YES 2.Can the cash be used to buy more of an original position (may exceed your $4,000 rule)or must it be applied to a new stock position? Part A answer - You can certainly bring it up to $4,000 Part B answer Excellent question because a person could sell a winner for say $10,000 that they made a ten bagger on and already have $2,000 in their other 2 stocks - They could not keep under the $4,000 max and three stock max. here is my proposal for this rule - Because this is intended to simulate what we should do with our play money ( the money we allocate to gamble on the penny stocks) 1 - IF you have doubled the worth of you portfolio to over $10,000 you may bank and portion above and beyond $10,000 as cash. OR you may buy a 4th and/or 5th stock or more stocks. BUT each subsequent purchase must be at the max so a person cashing in $10k does not buy 10 stocks at 1k each. 2. If you remaining portfolio drops to less than $8k you may use that cash for another purchase. I will update the rules on my website later this evening The updated Rules www3.ns.sympatico.ca