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What does this actually mean? -- Particularly the word "closed".

"The following players rated 90 or higher closed stocks which you have picked"

I sometimes look at these players' caps page and find that the stock mentioned is not actually an active pick. More often it is an ended pick. Sometimes I find that the stock mentioned is neither an active or inactive pick.
It seems that this information would be more useful given another way. for instance, tell me whether this player has ended this pick or is this a new active pick.

So, what does "closed" mean in the context of a CAPS alert, and how is this alert useful?
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