please explain rule # 12.. Also I think you should add that one can not buy or sell more shares than the volume on any given day..
No double downs is great.. But the volume rule will not work on smaller stocks so May I suggest since we may ahave 15 positions allow some,, 1/3 to be on the old volume rule and may only be bought and added to but not sold and will remain in position until the end of the contest.. These stocks will carry the obsure designation and may not be sold or changed.. Only added to..
I will offer to add a prize to the contest of $500.00 given to the picker that has made at least 10 picks from the beginning of the contest that remain positive thruout the contest.. Those picks will have to be the first 10 stocks picks made.. If more than one contestant has 10 positive picks then the prize will increase to $1000.00 and will be given to the the contestant with the highest overall gain with his first 10 picks remaining positive.. .. Once a pick is made it may be sold and proceeds used on any other stock..
I feel losing the ability to not include smaller low float stocks on at least a portion of the contest removes a great % of stocks that some that buy the obscure own.. SPND made a new high today and has great value just like some small banks..
They make money in most portfolios but rarely trade.. Having the ability to continue add to positions in the new contest will also allow meaningful position to be developed in the obscure ..
As long as it is a stock that can't be sold,, If a person wanted to designate 5 stocks that may never be sold whats the harm and how does this destroy the integerty of the rules and contest..
KIK does his own Research and DD.. In many cases he has made some of us money and now some because they can't beat him are throwing in the crying towel because of the rules that allow manipulation.. It seems strange that since all had the same rules that if we were only posting to win a contest,, the ideas should of been more important than the rules.. I'm here to make money and could care less who wins as long as I own the winning stocks.. We can all exist within rules but some including myself feel much more secure in buying stocks that take research and DD where no one else has any skin in the game therefore are challenged to even have any following or sponseship.... Obscure stocks are also value.. Bobwins calls it hold and mold..
As long as I own value I could care less if they trade until the day I want to sell.. I remember when I pounded the table on AMNF there were no takers at $0.50 and that was with a 9% Dividend yeild.. I still own 250K at an Ave. of $0.58 but today it has been used as a model to go by because it trades 25,000 shares a day with a yield of half that I was paying and a PE 40% higher..
The new rules would of never permitted it because the volume those day ave. less than 7500 shares a day..
hank
