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C*aps limitations...



May 07, 2013 – Comments (10)

One of my beefs with   caps  is  the  limitations   of  having  to  wait  until  20 or  so or more  minutes  before you  can  get   your  price...   such  that  you can  never  close  out  at  the end  of   the  day  at  best  you  are  stuck  to  20  or  so  minutes  before   the  end of  trading   to  obtain  a  close...

Another  issue  is   sometimes  you  get really messed up  starting  prices  that   no  one  in  their  right  minds   would   enter...  oh  sure   they  have  added  limits  but  I've  found that they  don't  always  work  as  they  should.

Another  thing  is  the  easy  cherry picking,   ever  notice  really messed up  score  like  :

I've  seen  like  negative  3,000's  on  some  peoples  score  cards because  they  think  that  they can  wait  it  on   on  just  one  stock  and  than  many  years   from  now  boast   not  about  how  bad  they  got   a  call  wrong   but  how  they  were able  to  ride  it  out  or  not  really  care.

So  excuse me  if  I  should  refer   or  insert a    R...  into the word.    Dragon knows  what I'm saying.

 Who  cares  about  beating   the index  if   you   can't make money  or  if  you  are  a  net  loser...

I  noticed this  limitation  right  away  and  like many  I  was  like wow  so  thats  how  so  and  so  got  such  high  accuracy   or   at   the  top...

Sure  there  are  other  things  like  I remember  in  the  beginning  how  if I'd  ask  a  question  there use to  be  people  who  could  help  or  at  the very least point  me  in  the  proper  direction  and  of  course  there  were   your  a-hole  types  who  wouldn't  help and at  best  would  only  contribute  c r a p.

I've  seen  them  come   and  go...

I still  get   the  solicitations  and  I  find  it  funny when  people come  to seek solicitation  or  at  least  look  to  get  viewers  when   most  don't  come  back any more or  contribute.

I  like  the  idea  of  having  yearly  cap  competitions ~  what  good  is  it  if  there  are a  bunch of  inactives  who  are living  off  what  they  did  long  ago  and   don't  play anymore...

Its  kind of  like  playing  baseball  where the  game  and   scores never  end  or  get  reset...

Imagine  the  horror of  being a  new  team  and  realizing  that  your  opponents have  hundreds  if  not  thousands  of  runs  ahead  of  you..

Anyways  the  closest  I  ever got  was  to  crack  the  top 100   and  than  I  got  escorted  out...


So  where  are  my  boys ?

Hollar  if  you  like  the  toad ?

All  hail...




10 Comments – Post Your Own

#1) On May 07, 2013 at 3:10 PM, NewAlchemist (64.39) wrote:

Does the game always correctly adjust for dividend payouts?

If you really want to beat the game pick a bunch of Small Cap stocks successfully.  Small Caps historically have higher returns (and volatility) than large caps.  So you are picking Small Caps but being benchmarked against the Large Cap index.

I do like the idea of start dates and end dates and being able to have bragging rights for "winning" Caps one year.  Of course this changes the way the game is played.  If there is a reset you can take more risk.  If the game goes on forever you need more discipline.  Maybe have a forever Caps game and have a yearly Caps game for the different strategies?

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#2) On May 07, 2013 at 5:04 PM, L0RDZ (91.65) wrote:

I  never  really  thought   the  game  correctly  adjusts  for dividends...    always  seems like  big  dividend  plays  never  receive  the  benefit   and  what happens  if  a  special  dividend  occurs  or  the  price   nears  zero   by  reducing  your  starting  price   it  can't  ever  go  to  absolute  zero or  heaven  forbid  a  negative  number...


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#3) On May 07, 2013 at 5:56 PM, portefeuille (98.82) wrote:

#1,2 see comments #30,31 here and comment #3 here.

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#4) On May 08, 2013 at 12:44 PM, ikkyu2 (97.96) wrote:

Agree that I would like to see points and accuracy points somehow 'decay' with age, so that people who had a good run in 2006 but have been useless since then aren't as high in the rankings as today's sharpest, edgiest players.

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#5) On May 08, 2013 at 12:48 PM, ikkyu2 (97.96) wrote:

As far as dividends, though, I think they behave more or less properly - on the ex-div day, your cost basis per share is adjusted downward by just the right amount, which is the same thing that happens in my real investment account when I reinvest dividends (because dividends give me new shares, purchased at a cost basis of zero.) 

You bring up the good point of what would happen if the company issued a special dividend that was greater than the share price.  This is pretty unlikely; it'd break both CAPS scoring and my real life investment account's cost-basis tracking!

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#6) On May 08, 2013 at 12:51 PM, ikkyu2 (97.96) wrote:

what would happen if the company issued a special dividend that was greater than the share price. 

Actually, if a dividend was higher than your pick start price (cost basis), it'd break the system.  Suddenly you'd have all your capital back, so your cost basis would be zero, plus you'd continue to have gains, which would count as infinite gains.  I wonder how CAPS deals with the problem of infinities.

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#7) On May 08, 2013 at 8:49 PM, jiltin (46.05) wrote:


CAPS are just play and learn purpose. I am not interested beating at CAPS, but interested in real life situation using small caps. How can we make it with small CAPS?

I just made a wild guess, after watching one month, and bought TSLA two days before when it was going down at $53. Tomorrow is the real break coming while after market is crazy with 20% + 

Similarly, I bought ECTY with wild guess.

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#8) On May 08, 2013 at 9:25 PM, L0RDZ (91.65) wrote:

My recommendation to anyone   selecting  a  stock with a  dividend  to  keep  track  of   where  you  got  in   say  maybe  write in   the  cap  price   caps  gave  you   in   a   pitch  on  the  stock  and  than  later  look  at  the  change  in   the  stock  price  when   caps  say  they  adjusted the  stock   you  than   can   see   for  yourself   and  make  up  your  own  mind  as  to  whether  caps  adjusted  correctly...  or  not...


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#9) On May 08, 2013 at 9:29 PM, L0RDZ (91.65) wrote:

Taking  my own  advice  I  recently  added   scco   to  my  caps   game

SCCO 1Y $33.90 $34.15
( +2.28%)+0.73%+1.05%-0.32

now   recently   they  just   paid  out   .20  in  dividends   I    can't  recall   the  price   caps  bought  me  in  at   but  for  now  they  are  saying  my   adjusted  price  is  like  33.90

I  tried  to cut  and  paste  from  my  caps  screen  but  that didn't  work ?


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#10) On May 08, 2013 at 9:31 PM, L0RDZ (91.65) wrote:

So  for   the  next  quarter   we   shall  see   if    they  change  my  buy  in   price   from  33.90   to    33.70    if   a    twenty  cents  dividend  gets  paid  out  ?

my  guess  is   that  caps  will  adjust  me  but  I  won't see  a  true  cent  for  cent  correction...

can't wait  to  see...  

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