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Re: SSKILLZ1 post# 19

Thursday, 01/10/2013 11:43:16 PM

Thursday, January 10, 2013 11:43:16 PM

Post# of 648
2) If Stock A has 30k Imaginary Invested, and it doubles, then you want to sell it. The question is can you buy stock B with the proceeds. Based on the rules, you would think you could only buy an imaginary 30k worth. But I think Being able to keep trading a position to another position and keep making it bigger it a fun contest strategy, and has been a part of contest startegy for years. So I will continue to allow someone to trade stock A for Stock B regardless of how much stock A goes up or down. Hope this helps.

Does this rule include buying back a position that you've frozen, ie:

1. Stock A doubles and you freeze it.

2. 2 weeks later you buy stock A again.

3. Can the proceeds from the previous sale be used to re-acquire stock A?

And if that's the case, how does this not become a 1 stock-takes-all contest?

ie, I sell all 6 picks and use the entire cash position from all 6 sales to buy stock A.

Thanks
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