Value Microcaps Pick Six Lotto 02

[Knowledge is King]

Thoughts for PSL3:

1) I'm strongly opposed to any sort of volume restrictions on picks for the next contest. If a stock goes up 50/100/200% yet trades only a few thousand shares a week, is that somehow a less impressive stock pick?! I've made a living now for 10 years in just such stocks and believe me with patience, wits, and experience you CAN get in and out of good size positions in such stocks.

1a) I don't believe there should be any minimum starting price for stocks as long as they are profitable and fully-reporting. Once again, is it somehow less impressive and/or profitable for a stock to go from $.04 to $.08 than it is from $4 to $8??


2) I think pink sheet companies which are fully-reporting/up-to-date on SEC filings should be allowed. ARSD is an example. I'd like to hear an argument against...besides pink sheet paranoia, that is.

3) I know this is a long-shot, but I think the trade and freeze rules should be junked. They're gimmicky, arbitrary, and, most importantly, they've destroyed any comparability between PSL1 and PSL2 results. Perhaps a shadow contest say, PSL3a and PSL3b, with (a) allowing trade/freeze and (b) with original PSL1 rules -- but with the same 6 starting picks for each --could be arranged (I know SSK and Len are casting about for some extra work...so it shouldn't be too much to add :)

4) Finally, and I really want to get a discussion going on this one, let's have all entrants put up $5 each and play it winner-take-all. With 90+ entries, that's a few hundred bucks of extra motivation/competition ... not to mention cold hard bragging rights.