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I have to concur with oncqueen's point on the value of “insider” information. Direct access to people within industries that also have some stock smarts could prove invaluable. I'll give more weight to the opinions of those with a track record of high scores. When researching a prospective stock, I sift through what the CAPS community has to say about it.

I love the fact that CAPS holds the “experts” feet to the fire. I am amazed only 39 of all the Wall Street players are even profitable. It's like all the analysts and TV stock pickers were standing around telling the Emperor he looked fabulous and CAPS finally points out he has no clothes.

I also like that CAPS lets me see opposing views on stocks I like/dislike. After all, there are two sides to every trade. It's interesting to see what people on “the other side” are thinking. Should help separate the fool from the Fool!

To your point, I agree there are some drawbacks to the scoring. I feel your pain regarding not being able to pick stocks at the price I paid for them in my real portfolio. I under estimated the effect this would have on my CAPS results. Fortunately my real world return is much better than my CAPS.

Additionally, I am having trouble adjusting to all picks being equally weighted. In the real world I hold much larger positions in “safer” investment stocks than I do more speculative stocks. My CAPS portfolio just got shredded when a couple of my spec picks took a hit. It pummeled me from All-Star to no better than a coin flipper.


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