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I've noticed that many of the top ranking CAPS players (SpecBear included) use a strategy where they end a shorted stock when the score gets fairly high, and then immediately re-short the same exact stock. I assume that since top players do this that there must be some value to the strategy...I'm just having trouble seeing how it works.
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A large part of your score is accuracy. Anytime a pick is up 5 points, you can end it and keep the accurate pick.
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I know this post is almost a year old, but I thought I would put up a response for others to see. A stock can go up infinitely, but can only go down 100%. When you cash in a gain on a shorted stock, you not only help your accuracy (which is a big part of CAPS), but you get to start back at 100% again.