catbert234 (96.40)

catbert234's CAPS Blog

Holy Crap I've turned into a Ghost!

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September 11, 2008 – Comments (4) | RELATED TICKERS: MSO , TWIN

In the last 7 days my score went from above 200 to below zero - and the fundamentals of the companies I'm following haven't changed all that much. Has the world gone mad? I'm not a particularly speculative person and my picks are not avant garde. I get that there's bad news out there in joblessness and inflation and that McCain is gaining on Obama (seriously bad news for the economy AFAIK)....but....??? On a day when only my MSO and TWIN picks are moving in the positive direction I have to turn my face up to the sky and ask - "Why, for the love of God?"

4 Comments – Post Your Own

#1) On September 11, 2008 at 12:34 PM, FleaBagger (98.34) wrote:

I've seen the same thing, dropping from the 99th percentile to below 50 (and maybe below 40 as I write). All this when my picks are largely the same as those of the top players whose ratings have not moved very much. I think the difference is that they've been in the game longer, so they have much higher point totals out of which they're losing their points, so the rankings are largely of who has been in the game the longest.

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#2) On September 11, 2008 at 12:43 PM, motleyanimal (99.23) wrote:

Having a large number of winning closed picks is like a cash position. I have about 1,400 picks total. Only 11% of those picks are active, so the rating doesn't change very much.

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#3) On September 11, 2008 at 1:21 PM, russiangambit (29.85) wrote:

Yep, the trick is to close winning pick timely to preserve the points.

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#4) On September 11, 2008 at 3:13 PM, VTEngineer2001 (23.16) wrote:

Being long in the real world, I try to do the same with my CAPS picks. I have seen my rating tumble from above 99 to below 20 in about 2-3 weeks. In that period of time I have lost something like 3,000 points.

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