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Investment Club Trading Constitution and Rules 1) You can buy or sell the 2000 common stocks traded at the NYSE (New York Stock Exchange) and the 500 common stocks on the AMEX (American Stock Exchange). 2) You may invest in OTC stocks that are on the NASDAQ national market, and you may invest in stocks on the NASDAQ small cap market with the club=s permission. You may not invest in NASDAQ bulletin board stocks. 3) You have $250,000 to invest in stocks initially. 4) You may invest no more then $200,000 in one type of stock. 5) You must own a minimum of two stocks. 6) You may only buy a stock if you have the money in your account, you cannot buy stocks on margin. 7) If you keep your money in cash, it will earn .125% interest between each meeting. 8) You must buy and sell stocks at the following day=s closing price before the meeting! 9) You should submit your orders only during club meetings, or on our web. Orders submitted on the web site are not guaranteed to be traded the same day. 10) You will receive your portfolio every meeting. If your portfolio is not available at the meeting, you will receive an additional $500. 11) You do not have to buy or sell your stock every week, but you must initial your portfolio every week. 12) If you do not come to three meetings in a row (none of the last three portfolio=s are initialed), then your portfolio will not continued to be printed by your assigned trader. If you then decide to come to a meeting, then your portfolio will be valued at the last printed portfolio price, and may be subject to a fine of a maximum of $1000 per session missed. 13) If you wish to trade stocks, you must submit the order on one of our official portfolio sheets to Adam, JJ, Tarek or Andy. 14) Grouping of portfolios may take place for up to $1,000,000 (or four members). This group must stay together for at least five meetings and will receive on portfolio instead of individual portfolios. A group must give one club=s meeting notice of separation if separation is going to occur. After separation, all members will have to fill out a new portfolio form. 15) You should, but do not have to, establish a diversified account to prevent long-shot gambles. 16) Your accounts and portfolios will be carefully kept track of by the club=s officers. You will always have access to your portfolio from a president or vice president. 17) You will need a folder for all of the club=s handouts. You may not leave handouts in the investment club=s portfolio folder. |