My CAPS Shipwreck
So my CAPS portfolio has gotten extremely sick lately, thanks in significant part to just a handful of really poor underperform calls. The most recent? Odyssey Marine (OMR).
This is a treasure hunting company -- they find shipwrecks and they hope that there is sunken treasure on board. Well, today they announced that they had, in fact, found sunken treasure. Not only did they find treasure, but early reports indicate that they found a record amount of treasure. The stock is up almost 60% today.
So now, with my CAPS score badly beaten and bruised, it may be time for me to see what I can do to salvage my own shipwreck (maybe I'll find some sunken treasure?). For now, I guess all I can really say is "well done" to the enterprising (and maybe just a bit lucky?) folks over at Odyssey Marine.
Oh yeah, and all glory to the Hypno Toad...