News Focus
News Focus
icon url

lentinman

05/24/07 11:57 AM

#429 RE: MSGI #428

MSGI:

Well, kidding or not, I think it may have merit. Obviously, 50 out of 50 is meaningless to the contest because the majority of us (I suspect) own one or more stocks that occasionally (or often) don't trade in any given day. But, adding a minimum percentage of the time that it must trade is a possible additional element that could help "legitimize" a stock.

Not all $300K stocks are equal IMO. A stock that traded $250K on one day because of a $240K single buy is a lot different than a $300K stock that was the product of lots of small buys. By adding a variable related to the number of days it traded during the last 3 months, it seems like that would add stability and legitimacy to the stock.

We'll talk about that during PSL6 along with whether or not we should institute a minimum amount of time from the beginning of the contest before a person can trade.

Len