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Author: LoneIguana Two stars, 250 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8118  
Subject: For people who think CAPS is a trading game Date: 10/6/2006 5:50 PM
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I realize that quite a few people feel that CAPS is geared towards traders rather than longer term investors, but the current top 10 rating leaves me wondering why that feeling persists. Yes, some folks who have ended a substantial percentage of their picks have done well in the relatively short period that CAPS has been running, but a quick review of the current top 10 players shows that 3rd, 4th, 5th, 6th, 8th and 10th place are all held by people with only 0-2 ended picks, and have anywhere from 15 - 93 total picks.

True, this may change around the next day the markets are open - we have a lot of churn in the top 10 - but the point is that on any given day these LTBH players are able to do quite well and it is not abundantly clear that traders have any kind of real long term advantage. Other than the seemingly inassailable TMFEldrehad, it seems that all the other positions are up for grabs (even the gallant Eldrehad may not be able to keep this kind of performance up yoy).

Dig deeper into the top player list, say the top 50 or so, and you find a complete mix of strategies with no strong emerging pattern. Seems to me that the jury is still out on the best strategy for this game, even though it may feel like the traders have the upper hand.

Cheers,
LoneIguana
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