Subject: Re: New proposed claim 'MSFT@2000-04-28': MSFT closes >96 2000-04-28
From: Peter C. McCluskey (pcm@rahul.net)
Date: Fri Mar 10 2000 - 16:44:39 PST
support@usifex.com (support@usifex.com) writes:
>The following claim has been proposed:
>
>created = 2000-03-08
>name = MSFT closes >96 2000-04-28
>proposer = Loophole
>settles = 2000-05-01
>status = Proposed, not yet approved
>symbol = MSFT@2000-04-28
>terms = TRUE if the split-adjusted value of one share of NASDAQ:MSFT stock purchased on 2000-03-08 is more than $96.00 based on the last reported closing price of the stock in the month of April 2000.
>type = Boolean
This proposed claim is well written except for the symbol, which ignores
the rules for symbols described at:
http://www.usifex.com/cgi-bin/ifpublic/faqw.py?req=show&file=faq03.006.htp
Anyone who doesn't like these rules should suggest different ones. I'm
not going to allow each claim proposer to use different rules for indicating
settlement dates.
I have been hoping to focus on claims whose prices would provide valuable
information to people who aren't trading the claims, and this claim doesn't
fit that goal very well. OTOH, I can't see much harm in approving a few
claims that aren't everything I hoped for. So if the proposer changes the
symbol or provides a compelling argument for allowing its current symbol,
and nobody has a good argument against the claim, I will probably approve
it next week.
-- ------------------------------------------------------------------------ Peter McCluskey | Boycott Amazon.com until they stop suing http://www.rahul.net/pcm | companies that support 1-click shopping.
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