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JakilaTheHun (99.94)

Are Others Able to See CAPS Limit Orders?

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September 03, 2009 – Comments (13) | RELATED TICKERS: TWP.DL

So I was on CAPS yesterday and I saw that mrindependent had red thumbed Trex Company (TWP).  In his pitch, he mentions that he is following me on this pick.  This might not seem so odd, except for the fact that I have never red thumbed Trex Company on CAPS.

Actually, about a week ago, I saw that TastyLunch had red thumbed TWP and I began investigating.  It seemed like a reasonable red thumb, but I am wary of my own record on the "bear" side.  I've always felt I'm much better at finding beaten-down value stocks, than I am at  predicting "overvalued" stocks that will underperform the S&P.  So, I decided that I wouldn't red thumb TWP *unless* it hit a price point where I could feel with a high level of certainty that it was overvalued.  I decided $23 was a safe place to initiate a red thumb pick, so I used the CAPS limit order to automate a red thumb on TWP in the (unlikely?) event that the thing manages to climb a above $23. 

So here is where I'm confused --- how would someone have known that I did this?  I don't see anyway to see the limit orders of others.  Could my pick have showed up on the "Favorites List" of others?  Guess I'm just baffled as to how someone could've followed me on a pick, before it actually went through (and it may never go through).   It also seems like too much of a coincidence that mrindependent would've simply mistaken another user for me (since I actually had initiated a limit order on TWP around the time he initiated his pick). 

Can someone resolve the mystery?

 

13 Comments – Post Your Own

#1) On September 03, 2009 at 12:39 PM, kaskoosek (90.37) wrote:

He might have mistakenly used your name for some one else. That seems to me the most likely explanation.

 

The fact that you wanted to underperform could have been a coincidence. 

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#2) On September 03, 2009 at 12:49 PM, TMFBabo (100.00) wrote:

We can test this theory.  Put a ridiculously high starting limit for a red thumb (such as AAPL @ $2,000) and see if we can see it.  There's no risk involved for you, since AAPL at $2,000 is an incredibly good red thumb anyway. 

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#3) On September 03, 2009 at 12:51 PM, TSIF (99.96) wrote:

No, I commented on the limit feature on Jakes last blog about improvements. If you enter a limit order it shows up on the daily 5PM alert that summarizes players with an above 90% ranking who have opened or closed calls on stocks you have open. Even thought the limit order may be no wheres near going active....

You can also see your own picks show up on this list if you put in a limit order, even though you don't normally see your own picks on this list.

Sounds like a good opportunity for top players to put in rediculous limit orders and see whose watching!

The limit feature has some interesting functions that I've been playing with, but isn't a good tool in a highly volitile market, especially for closing picks with little margin.

The other flukes such as you found are another example.  Good tool, needs some attention!!!!

TSIF

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#4) On September 03, 2009 at 12:59 PM, TMFBabo (100.00) wrote:

Well that solves it.  Lol, I actually put in a limit order for AAPL to start a red-thumb at $2,000 to see if anyone would see it.

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#5) On September 03, 2009 at 1:09 PM, TSIF (99.96) wrote:

Actually, to see it on the daily alert page, the player must have it picked so that doesn't work...... duhhh...

Next best guess though is along the same lines, the limit orders also show up as active orders on the CAPs--- TOP TENS --- OTHER LISTS --- RECENT ALL-STAR PICKS   I do glance at this one as well, but only on weekends when it's raining or snowing out....  :)

Same principal, they appear to be actual picks made when they are limit orders and may or may not ever go active. Good call on Apple, but don't forget you have it open!!! IN 50 years, with tons of inflation, and with Steve Jobs on Vitamins/steroids, it might hit $2,000 legitimately!!!  :)

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#6) On September 03, 2009 at 1:31 PM, JakilaTheHun (99.94) wrote:

Thanks for the thoughts, TSIF.  Of course, I guess it's still somewhat of a mystery.

Alright, BullishBabo, I just created a limit order on Camden Properties Trust (CPT).  It's an outperform pick that will initiate at $12 (unlikely it will ever fall that far, but if it did, I would buy it up!)  So now the question is, can anyone see it?

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#7) On September 03, 2009 at 1:56 PM, TMFJake (42.90) wrote:

:)  We'll put in a bug to filter limit orders out of Recent Picks, and Alerts lists....

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#8) On September 03, 2009 at 2:00 PM, TSIF (99.96) wrote:

Thanks Jake!  While you're putting the bug report in on that critter....I also pointed out that some players now have more than 200 active picks. I suspect the limit order is in play there as well.....

Did I mention, (well more than twice)...that I can beta test software for you..... a few free subscriptions to some services...maybe a game or two of pool down at Fool HQ....... :)

I work cheap...you got my card......  :)

I work cheap!!!  :)

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#9) On September 03, 2009 at 3:19 PM, TMFBabo (100.00) wrote:

Jakila, I can't see CPT at the moment.

Alright, I went to CAPS preferences to check the box for "made or ended picks by my favorite players."  Let's see if it comes up in my alerts at the end of the day.  I'll check back tomorrow to see if CPT was "picked" by you.

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#10) On September 03, 2009 at 8:13 PM, rd80 (98.14) wrote:

Actually, to see it on the daily alert page, the player must have it picked so that doesn't work......

I think it also shows up if one of the player's favorites enters a limit order.  But, I don't know of any way to see what the limit is.

 

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#11) On September 03, 2009 at 9:12 PM, Tastylunch (29.37) wrote:

AH weird didn't know that. My guess is it comes from favorites "alerts" I see picks made on saturdays and sundays on there routinely that clearly have not gone active. I see no reason why a new limit order wouldn't pop up in there since those other picks are.

 Kinda ironic Mr "independent" dogpiled you Jaika. :)

Re: T-REX I've considered closing that really old pick. It's obviously gone against me a lot. And they have reduced their operating costs a lot since I made my pickit seems.

For now I'm not doing anything but I think you are right in holding off at this point since they have fixed a lot of their cash flow problems from the looks of it. So they aren't nearly as bad off as they were.

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#12) On September 04, 2009 at 7:00 AM, TMFBabo (100.00) wrote:

Favorite Player Activity for Thursday, September 3
POSTED AT 9/4/2009 4:00:36 AM

JakilaTheHun picked CPT, ENSG, ORA to outperform.

Our little experiment worked, but it probably won't be long before they get rid of the bug, since they know about it.

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#13) On September 04, 2009 at 9:20 AM, JakilaTheHun (99.94) wrote:

Looked like it did it on you, as well:

 

bullishbabo picked AAPL, CXA, LAG, MXFD.OB, REC, RRZ, SDP, SKK, SMK, SSG, TWM to underperform.

 

Well, that solves that.  

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