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Hi johnnyvol,

Your concerns about CAPS are justified. We have, however, taken measures since CAPS launched in 2006 to reduce the ability to "game" the system.

For instance, accuracy doesn't count unless you close your pick with more than 5 points of market outperformance -- originally it was just > 0. There's also a seven day minimum on each pick before it can be closed. If someone can consistently outperform the market by 5 percentage points, obviously they're doing something right and deserve to be included in the All-Star group.

Sure, some players rapidly change their picks while others (like yours truly) use a "buy and hold" strategy. This diversity of strategy helps keep the CAPS data "fresh" while keeping emphasis on the long-term business prospects.

By the way, I like your approach to the CAPS data -- a "place to start." We also use CAPS that way here at PRO -- for idea generation and idea confirmation/rejection.

Hope this helps.

Foolish best,

Todd Wenning
PRO analyst
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