910
« on: August 13, 2013, 06:14:03 pm »
Patrick - a fair bit has been wriiten on the penny pincher stocks that have been bought in this competition and the value of investing in such stocks. Since this competition concludes at the end of the year and is finite for that year, and, since all purchases are based on the buyer price then at year end on Tuesday 31st December 2013 all share holdings should have the buying price applied to liquidating share holdings of stock. Thus in the case of a penny stock it may have been purchased at 1 cent and on 31/12/2013 you have buyers at 1 cent and sellers at 2 cents, but no trades then the buying price of 1 cent is applied to the holding of the penny stock. Should someone be that crazy to win the competition they would have to go into the real market and buy shares at 2 cents to force the traded price up to 2 cents. May just be a method to level the playing field - maybe also consider using the last traded price for a share when we are able to buy in next years competition and though you may place an order to buy it is held in abeyance until there is a trade in the counter - this may help to take the seldom traded shares out of the competition
Just some thought for debate