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>> So I was wondering if the rating of a stock should age. Meaning it
>> gets a boost if it has been picked by top stock-pickers recently,
>> the effect of which lowly declines over time.

Mark, in fact, this is similar to how our influence model does work. Your influence degrades over time and is weighted by your current performance. So, as you say, a stock will get a boost if it has been picked by top stock-pickers recently, and may decline if all the "smart minds" picked the stock in the past...

For this reason, we do believe that CAPS stock ratings have the potential to be more forward looking than other rating systems. As you note, a lot of portfolio games are backward looking. You can see who has been able to create the largest portfolio gains, but you have no idea whether the top performing stocks in winning portfolios are still good buys. I've compared CAPS stock ratings to a Doppler Radar system. By this I mean that we're taking in a real-time feed of community intelligence data, and calculating a forward looking rating based on the current community sentiment and an influence model in which the top minds in the community have more influence over a stock's rating.

For me, however, one of the biggest benefits of CAPS has been learning about new companies via pitches. While not all pitches provide depth of analysis. I've discovered lots of new companies that I am now tracking from some of the great analysis that I've found on CAPS. So, I'm looking at a number of variables (the CAPS ratings, pitch information, balance sheet, performance, etc.). This combination of community intelligence and market data is what makes CAPS uniquely valuable for me.

Of course, you could accuse me of being biased. :)

--jk
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