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We'll likely add in limit-order capability in time. The aim of CAPS is not to bias itself toward any specific investment style, but rather to serve as a laboratory of experiment, and a Great Big Fishbowl, of sorts. That said, if CAPS has any bias it is to house and feature meaningful intelligence from our community, so we don't put a lot of priority on serving very short-term oriented actions, as they're very ephemeral and don't particularly lead to useful output for others. The 7-day rule is admittedly not a "real-world" investment rule, but does add a nice mental check for our participants that increases their credibility with others. In effect, you're being forced to commit to (quite a small) increment of time where you let your prediction or thought stick. I was reminded of its benefits earlier today, when I took a deep breath and clicked "Outperform" on AVNR (check out that stock!). Knowing that it could trade in a highly crazy and erratic manner, I nevertheless knuckled under and made myself accountable... for at least a week, anyway. Others viewing my actions probably trust and "believe" a bit more knowing that I have had to stay accountable for the stock's performance not just for an afternoon, but a week.

So CAPS perhaps more than anything is seeking to elicit meaningful intelligence of at least a minimal duration. But so far as "value bias" or "growth bias" or "fundamental bias" or "technical bias" we are attempting agnosticism. The lack of limit-order capability does not reflect a design choice, but rather a prioritization choice -- we can build everything at once!

Fool on,

David G. 

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