well I made the top 100 in CAPs... or maybe 3rd
Well I made the top 100 in the CAPs game today, 80-somethingth.
And I noticed that only 2 players had as many points as I do and a higher average score per pick. Those are Ultralong and Porte. Ultralong is a bit of an exception as the preponderance of that players picks were made on march 9th and the profile benefits dramatically from market timing. So maybe I'm second to Porte. I do think that pick per score should be weighted (along with dividends, just add dividends paid out to the current PPS for calculations...) far more heavily than it is. My score is currently maimed a little by two accidental recommendations: CEP and TBT. CEP should still work out in the long run and, in a twist of fate, I've bought a few shares in real life after seeing it on my CAPs portfolio.
So it would appear that Porte may be the winner. Bulls win, even though the market is down dramatically since CAPs began???
Caps needs to try to simulate actual returns alot better than it does, and it should penalize us by 0.1 or 0.2 or 0.5% for each transaction to boot. Its sort of a game designed to benefit gamers rather than simulate investing.
Its a natural gas MLP thats thoroughly in the toilet and trading for a tiny fraction of book value. It should recover with time, pay-down of debt, and increasing natural gas prices.
Nothing imporant in this post, just making an observation. Here on CAPs as in real life, I'm reducing my long exposure. Should the market tank drastically once again, I'll enter some more picks.
Hope nobody is bitter about a thread about basically nothing. I'll pony up a better one in a moment!