New Rules - posted for your comments

[blygh]

HORSE RACE RULES:


entry must be posted in current week's race thread between Friday noon and Sunday 9 pm (ET) -- or as adjusted for holidays

stock must be listed on NYSE, ASE or NASDAQ exchanges

entry may be either one long or one short trade

winner is entrant with greatest percentage trade gain using Monday's open price and Friday's close price -- or as adjusted for holidays


Entries may include Stops and Limits including buy stops - entrants get the first trade price after the stop hits.


Leveraged ETFs are not allowed

NOTE 1: If price is below $8 at entry, a penalty will be imposed as follows: a long trade entry will be raised to $8 (equal to $8/P times P) and a short trade entry will be lowered by multiplying the factor of the entry price divided by $8 times the entry price (equal to P/$8 times P)

NOTE 2: If so indicated at entry, a racer wishes to stay with the same horse until changed, or to stay with every horse until changed as a rule, entry into the next week's race is automatic, and therefore need not be posted

NOTE 3: In case of a tie, first racer to post entry wins

NOTE 4: Entries placed prior to Friday close will use the Friday close price as reference; whereas all entries placed after Friday close will use the Monday opening price as reference. In cases of automatic reentry, the Monday open will be used (since the automatic selection condition cannot be recognized as such prior to the Sunday 8 pm entry window close).

[tiarra]

I am really loving rule #4! I tend to pick stocks that gap on Mondays, which hinders my results.

[sd]

I like the rules as you outlined them!