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Message
re: FINAL RESULTS: 2019 Top 5 Stock Pick 'em Contest as of 12/31/19 on page 32.
Posted on 10/21/19 at 8:25 am to Zilla
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.
1
Posted on 10/21/19 at 10:56 am to LSURussian
This may or may not affect me this year but the rules were set before the year started as I have CELG that is in the process of being acquired. I think we need to stay with the rule set up when contest started. If someone has a better idea should be implemented before the start of the next contest with the rules In place from the start.
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