jamespeer (27.91)

9 Comments – Post Your Own

#1) On July 08, 2010 at 10:27 AM, Momentum21 (93.51) wrote:

they had to reverse split them again...to hide the shame... : )

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#2) On July 08, 2010 at 10:30 AM, binve (29.35) wrote:

mmmmm..... shame.....

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#3) On July 08, 2010 at 10:41 AM, IIcx (48.60) wrote:

add TZA to the reverse split list of 4 -- there's a bug on TMF Caps related to the way the game manages reverse splits. The game sees the price change as profit instead of managing the price in relation to the split. So all 4 of the ETFs are up 300% this morning when in fact they are actually down compared to yesterdays price action.

I'm not sure how they can fix this -- splits and reverse splits. Should an initial pick represent a single share at 100% a split of 2:1 = 2x the initial price and a reverse split 1:5 = 20% the initial value to maintain a balance over time?

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#4) On July 08, 2010 at 10:53 AM, TMFBabo (100.00) wrote:

Just keep your picks open a day or two and they'll be adjusted accordingly.  I think CAPS seems to handle reverse splits after the market close some time.

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#5) On July 08, 2010 at 10:55 AM, kdakota630 (99.92) wrote:

I had the same thing with HRP with their reverse split and name change.  It took a couple of days, but TMF fixed it.  Just need to be patient.  I'm currently way up on points because of this.

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#6) On July 08, 2010 at 10:56 AM, explainstuff (99.26) wrote:

This seems to be resolved in a few days after the reverse splits, like bb said. Just don't close them ... ! :D

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#7) On July 08, 2010 at 10:57 AM, MKArch (99.35) wrote:

I had another reverse split recently that took a couple of days for CAPS to adjust for. We should get the make up bounce some time soon.

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#8) On July 08, 2010 at 11:02 AM, IIcx (48.60) wrote:

Sorry, I jumped the gun on that conclusion. Looks like the game manages both situations. 

I couldn't find any information related to splits and Caps so I decided to test them yesterday to see how they work.

Many of the 4 have already adjusted to what appears to be the reverse split open price this morning so they should all be down in percentage sometime today.

More then likely, they will never see this price again as they tend to degrade over time to nearly zero. 

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#9) On July 08, 2010 at 11:09 AM, jamespeer (27.91) wrote:

Thank you CAPS for your effiency and thanks guys for the clarification, very much appreciated!!

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