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Varchild2008 (84.36)

Varchild's CAPS pick on GME is -60 points

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December 09, 2011 – Comments (5)

Per Popular Request.....and despite the fact anyone can see that on my Profile Page (so this is pointless)

I FULLY DISCLOSE that my GME CAPS SCORE  is today MINUS  60 POINTS.

Of course I also disclose it is for 5 plus years.....

I also disclose that it was around minus 70 points around January/February of this year.

So I DISCLOSE that I gained 10 CAPS points approximately....  Close to 1 point gained with today's market action.

I DISCLOSE that I have a profile page and please remember that i don't always constantly disclose things as I assume people are fully aware of Profile Pages....and I work to keep that up to date as quickly as possible (but always the chance I can be away from any Internet connection for weeks).

So I FULLY DISCLOSE that if I fail to update my Profile Page for a few weeks.....There's a reason for it.

I also FULLY DISCLOSE than the #1 CAPS Pick Player  CHK  pulled his RED THUMB on GAMESTOP weeks ago....  Now we will never see if CHK red thumbing Gamestop ever made any sense.

Anything else to Fully Disclose?  I'll do so in the comments section...if there is anything.

5 Comments – Post Your Own

#1) On December 09, 2011 at 5:23 PM, Varchild2008 (84.36) wrote:

I FULLY DISCLOSE that a RED Caps Pick that appears to be on the recovery,,,,it is the fact that it is recovering that should be more important than the fact that I was LONG (GME) during the run-up to its ultimate low price back in 2010....August I believe.

Yea.... I rode Gamestop all the way down through their struggles why?

What motivated me to GREEN Thumb Gamestop back then I believe was Karen Finerman on CNBC saying (paraphrased here):

"Digital dnloading is an issue for Gamestop but you can not ignore the amount of Cash on the balance sheet.  This one might be interesting because of that cash."

So what does that mean to me?

TURN-A-ROUND   story.

And turn-a-round stories take time.....but they are awesome to behold.

(SWTX)  Southwall  Technologies (I FULLY DISCLOSE) used to be one of my LONG investments because they too back in 2008 were in the midst of an exciting turn-a-round story.

Of course have to be careful as not all turn-a-round stories end well.  But, when they do end well.....there's money to be made going LONG.

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#2) On December 09, 2011 at 5:28 PM, chk999 (99.98) wrote:

I made 10.62 points on that GME underperform. I may or may not call outperform or underperform on it in the future depending on my view of the company and market conditions.

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#3) On December 09, 2011 at 5:32 PM, Varchild2008 (84.36) wrote:

I FULLY DISCLOSE that I was very bullish on SWTX  Southwall Technologies back in 2008,

At that time, LORDZPAIN read one of my bullish blog posts and said something to the effect,

"Sounds like something to stay away from."

The stock ended up getting acquired by someone for over $13 a share and at the time I was bullish it struck a 52-week high
of $1.35.

YUP!  For once....I was right about this Turn-A-Round story.

Unfortunately, I abandoned my position in the stock for a small profit gain... I should have held....

But SWTX remains a prime example that turn-a-round stock investment strategies CAN work but are HIGH risk....as they can also FAIL....so have to be careful...

Oh and I was super careful with SWTX...but stupidly abandoned my position....dang it...

So....with (GME) looking like another turn-a-round story.

Heh.... I am not repeating the same mistake twice.

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#4) On December 10, 2011 at 4:37 AM, goalie37 (96.99) wrote:

I have a lot of very, very negative scores based on shorting every bond ETF I could find a couple years ago.  Luckily I don't short anything in real life.  I will leave all these picks open.

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#5) On December 10, 2011 at 5:30 PM, Varchild2008 (84.36) wrote:

I'd recommend leaving them open at least through the 2012 presidential election.

I speculate that if a Republican wins the Presidency, Ben Bernanke is history...and who ever takes his place will reverse all of the Quantitative Easing and other related policies (operation twist) that is causing Bonds to be bought up hand over fist by the FEDs.

Once the FED buying binge of its own debt finally ends....those negative scores on Bond ETFs may suddenly be Green.

So....Lots of Thumbs Up to you for thinking of doing that here on CAPS Picks.

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