The Perfect Nitwit
A brief update to my post on finding the right kind of nitwits (to use as contrary indicators).
I previously indicated that this was a tough proposition, because I have found very few Caps players whose scorecards show abysmal stock-picking taste the entire way through, but I think I remember one indicator of failure that is worth watching: the "market manipulation" blabberers.
There are people out there who attribute every single stock movement to ulterior motives on the part of someone, hedge funds, market maker, naked shorts, whoever. Some of these people tend to live in a pretty delusional place, so they are a good place to check for stock plays that depend on mass delusion to continue floating.