A Pitch for Pitches
January 06, 2013
– Comments (6)
Got caught up yesterday and all my active picks now have pitches.
FWIW, I think pitches are one of the most under used and most valuable parts of the CAPS system. They can serve as a hyperlinked investing journal for holdings and watchlist stocks. Updates are easy, just reply to your own pitch - keep a record of dividend hikes, links to articles, blogs, buy/sell log, whatever. Plus, sometimes there's additional feedback from the CAPS collective - occaisionally, it's even good feedback. :)
Ever picked a stock and then come back several months later scratching your head wondering, 'why on earth did I do that?' - pitches solve that problem.
About the only downside is stupid mistakes are recorded forever for every one to see and laugh at. For example, from my Dec '07 pitch for RIG: "If RIG just hits earnings estimates and maintains the same PE, the stock would be trading at nearly 170 by the end of 2008." Of course, the price never got anywhere near 170 and today's RIG shareholders would be exstatic if the price just got to 70, let alone 170.
And that concludes my pitch for pitches.
Disclosure: No position in RIG.
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