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
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
Darn.. I should have rode GM the rest of the way down. Thanks Dave!