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"And Here's the Pitch!"

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April 03, 2009 – Comments (8)

Small note: I would love for my fellow Fools as consistently as possible to pitch each pick you make on CAPS. Even if it's a basket of stocks in a sector, write one pitch with your sector-based thinking and then for each other stock just link to that pitch.

If you're like me, you find an individual's thinking at least as interesting, if not twice as interesting, as the pick itself, and it enables you better to understand why they're doing what they're doing. It's a Golden Rule thing, too. I want you to do it, and so I do it -- I believe I have done it for every CAPS pick I've ever made.

It also makes CAPS a better and better place.

So think twice before making your next pick. I'm not saying hesitate to make the pick! I'm saying (a) think once is "I'm making this pick" and (b) think twice is, "Oh, and here's my pitch -- short or long -- to explain to my fellow Fools my rationale."

If you're like me, you accelerate your own learning by being able to refer back to your own pitches over time.

It's almost baseball season. So here's another memory trigger: Every time you hear, "And Here's the Pitch!" -- well -- throw it! :)

Fool on (and go Tar Heels!),

David 

8 Comments – Post Your Own

#1) On April 03, 2009 at 2:45 PM, JTShideler (81.77) wrote:

I like the pitch section, but also wish there was some way to update a longstanding pitch.  I usually make longterm predictions and would love the opportunity to update my thoughts for people to see but the only current way to do it is to add replies which don't get as much visibility.  I think it would be a big boost to CAPS if people could edit their original pitch so that a person's current thinking is documented.  The reason why I bought a stock 2 years ago isn't going to be much help to investors looking at it today.

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#2) On April 03, 2009 at 3:06 PM, TMFSpiffyPop (99.35) wrote:

JTS,

This is indeed an improvement that we will add to CAPS -- you're quite right that we need this. --David

(And yes, in the meantime, reply to your own pitches, which is what I do. You're right that it doesn't show up with top-level visibility, but it gets visibility and VISITABILITY nonetheless. Thanks for the reply.) 

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#3) On April 03, 2009 at 3:55 PM, Paxtor (29.05) wrote:

It would also be fun to be able to mention how hillariously wrong you were about a pick

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#4) On April 03, 2009 at 3:57 PM, dudemonkey (40.69) wrote:

I'm not a big fan of writing pitches because I never read them.  I read a few when I started visiting the CAPS site but rarely found them helpful.  They would be more helpful, in my opinion, if users WEREN'T encouraged to include them since that might increase the signal-to-noise ratio in them.

That being said, I added pitches to a few of my picks.  Some of them are not picks that I feel very strongly about so I don't have much to say about them.  

Thanks for all your hard work on the site.

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#5) On April 03, 2009 at 4:05 PM, dudemonkey (40.69) wrote:

It would also be fun to be able to mention how hillariously wrong you were about a pick

I could use this feature.

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#6) On April 03, 2009 at 4:19 PM, TMFBiologyFool (98.74) wrote:

I've been adding pitches when I make a pick ever since you suggested it at the meeting we had last fall. I mostly just make one sentence justifications, but that seems to be enough to eliminate the, "why the heck did I rate that the way I did" moments that I used to have.

I'm not sure if anyone else finds my pitches helpful, but they're sure helpful for me.

 

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#7) On April 03, 2009 at 6:06 PM, zzlangerhans (99.74) wrote:

More people would probably write pitches if others made the minimal effort to rec them. PDTBiotech writes long involved pitches just for CAPS that could work as stand-alone articles on many websites, yet frequently they sit with zero recs for months. How much does it take to click that button and let someone know his work is appreciated?

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#8) On April 03, 2009 at 6:34 PM, rd80 (98.69) wrote:

Pitch replies are a great way to record your notes after quarterly earnings reports, significant news events, portfolio reviews or closing a pick.  By updating, your pitch history serves as a convenient investing journal.

Unfortunately, it occaisionally serves as a permanent record of how stupid you were.

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