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Author: Exploreguy One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 182  
Subject: When a CAPS Short becomes a penny stock? Date: 5/29/2009 2:29 PM
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Hello,

Quick question.. What happens to a stock short on CAPS when it turns into a penny stock? Does the short continue to get scored against the S&P or does it stop getting scored once it drops to the point of becoming a penny stock?

Regards
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Author: TMFBreakerDave Big gold star, 5000 posts Old School Fool Supernova Phoenix 1
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Subject: Re: When a CAPS Short becomes a penny stock? Date: 5/29/2009 2:35 PM
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It keeps getting scored. It can't be picked newly again until it passes our $1.50 per share/$100m market cap minimum. But *existing* picks stay in, and may be ended at the discretion of the picker.

If the stock just ceases to exist (bankrupt, etc.), we close it down manually at the appropriate time, awarding points earned, of course. --David

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Author: Exploreguy One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 150 of 182
Subject: Re: When a CAPS Short becomes a penny stock? Date: 5/29/2009 2:45 PM
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Darn.. I should have rode GM the rest of the way down.

Thanks Dave!

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