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Stocks T / The Knot, Inc.


Subject:  Coming soon to a Thread near you Date:  6/9/2000  2:39 PM
Author:  SirChip Number:  13 of 127

I found this note from the management over at the board. It soon may be relevant here as well.

"Dear Fools,

As you may have noticed, the Fool has closed down a number of stock message folders throughout the forum. If you cannot find your folder, below is an explanation of why we removed certain folders. What follows is a brief description of exactly what we closed and why we closed it.

All folders with closing prices below $3 will be closed

In keeping with our Foolish Foolosophy of not wishing to foster conversation of penny stock (defined as stocks trading under $5), the Fool has two policies which you should be aware of about our message boards.

1. We will not open folders for stocks trading at or around $5. The Fool very seriously believes that the risk associated with penny stocks and the manipulation that can occur with these stocks is a huge detriment to individual investors everywhere.

2. In some cases, misfortune will happen upon a company and cause its stock to fall below $5. What happens then? The Fool recognizes that stock folders develop a community of loyal followers. We don't wish to hurt these communities, but at the same time, we don't want the discussions of penny stocks to continue indefinitely. Therefore, the following will occur should a stock fall below the $5 threshold.

- Once a stock falls below $5, the Fool will keep its eye on the stock. Hopefully, for the sake of shareholders, the stock will rise back above $5 and everyone will be happy.

- If the stock falls below $3, the Fool will post a message in the folder informing all of the readers that the folder will be closed in 7 days time. This will give shareholders time to discuss their game plans, and will also serve to close the discussion Foolishly...."

This all sounds well and good but TMF IS running a contest in which the object is to guess which stocks will fare the best in TWO DAY increments, running totally contrary to the usual Long Term Buy and Hold mantra.

Just a thought.

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