How Weighted Are All-Star Picks In CAPS?
I requested that Calpine (CPN) be added to CAPS shortly after it emerged from bankruptcy. I gave it a red thumb as one of the first 3 ratings on the stock. Since that point, I have been the one and only bear on the company the entire time. Now CPN is up to 26 bulls, including 3 all-star bulls, and only me--a 99.3 rated player-- as the bear. Yet despite the lack of bearishness, the stock only is rated 3 stars. It seems strange to me that one guy--me--can take a whole 2 stars off a stock. If I were to end my (winning +4 points) pick on Calpine then the stock would go to 5 stars immediately. I'm guessing that a 99 all-star is worth more than an 87 all-star in terms of rating? Is SpecBear or TMFBent's picks worth way more than mine?
Also, as an aside, why is everyone in love with Calpine? I can't believe I'm the only bear... at least I know that no one is blindly following my picks.