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re: FINAL RESULTS: 2019 Top 5 Stock Pick 'em Contest as of 12/31/19 on page 32.
Posted on 10/20/19 at 8:39 pm to LSURussian
Posted on 10/20/19 at 8:39 pm to LSURussian
quote:
This merger really hurt our contestant Zilla as CBLK was up 93.52% on our last update and VMW is only up 10.95% as of Friday. The result is Zilla's YTD performance fell considerably and dropped him out of the top 10 in our rankings all the way down to #45. (See Rule #6 in the OP of this thread.) That sucks. Sorry about that, Zilla.
quote:
6. If any of the companies you choose get bought by or merged into another company the successor (surviving) company will become one of your 5 picks. This means you'll probably lose the benefit of any premium buy out price your original company might have received.
lol this is so fricking dumb 
The obvious better way to handle it is to just freeze the gain at the point of merger. This post was edited on 10/20/19 at 8:40 pm
3
Posted on 10/20/19 at 10:10 pm to Zilla
now imagine if roku gets acquired 
Posted on 10/20/19 at 10:51 pm to Zilla
The point is not having to manually manage this. I’d say just do a manual fix at the end of the year rather than try to track this. I’m also ok with just assuming it’s sold and the money is frozen.
Posted on 10/21/19 at 8:25 am to Zilla
quote:But what happens if the surviving company tanks after the merger?
The obvious better way to handle it is to just freeze the gain at the point of merger.
What if, for example, WTRH gets bought. It's down over 94% YTD. But even if the acquiring company's stock really takes off after the buyout but poor FunronPete is locked in at a -94% loss for the year.
That would suck, too.
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