The 2011 August Penny contest starts at the opening bell on Monday August 01st.
IF ONE OR MORE OF YOUR PICKS ARE OUT OF COMPLIANCE AFTER THE START OF THE CONTEST, YOUR ENTIRE POSITION WILL BE FORFEITED SO CAREFULLY READ THE FOLLOWING RULES.
* When you make your picks, please make sure there are empty spaces around them, so they come up in the thread search.
Correct: AAPL - Long (Blank space after AAPL)
Incorrect: AAPL- Long (No space after AAPL)
-Pick 2 stocks, either long, short, or one of each
-You cannot duplicate someone's exact play (either of them), use the "Search This Thread" link, which is located in the top right, right above the top most post. It takes 10 seconds to see if the ticker has been mentioned.
-Get your picks in before the bell on Monday August 01st. but anytime after that (maybe ASAP) you must quote the post with your picks and then enter in Monday's opening price. This saves me from looking up the opening price for everyone's picks and saves me a couple hours of work.
-The stock must open at $1.00 or less, but not lower then 0.01
-Once you pick something, that's it, it's yours unless it's not a valid pick. This way someone doesn't pick a stock that others want, then at the last second change it. Please don't edit your posts with your picks. If you pick one at a time, just use two separate posts instead of editing your first.
Once again, it is your responsibility to check that your pick isn't a duplicate. The "Search This Thread" link I mentioned makes this as simple as it can be. If you choose to not check and should you duplicate someone's pick, it will not only not count, but you will be ridiculed and laughed at as well.
If you have any questions, feel free to ask, and if anyone sees someone else messing up, please correct them and make my job a lot easier.
You can close out one or both of your picks at anytime by posting the fact you want to close it on the thread. If you state you want to close a position during trading hours (before the closing bell), you will get that day's closing price. If you decide to close a position after the trading day is finished (after the closing bell), you will get the next day's opening price.
Remember...the contest starts at the bell on Monday August 01. No picks will be accepted after that.
Edited by werderfan - 7/31/11 at 3:18pm