I agree completely with Profcake. Each AB is an independent event, so hot and cold streaks are only the owner's way of perceiving how various random sequences are playing out. If the WW allows an owner to upgrade a "slumping" player with one who performs more according to expectations, this is the luck of random events, not a genuine upgrade.
Having said that, I think there are certain owners, mixtroy among them (and for all I know crimsonblue could be one of them as well), who are especially adept at using the WW. But although mixtroy will insist that he gives a quick ax to slumping players, I think he is really very adept at making midcourse corrections to his team according to their needs (e.g., drafted a team for high OBP, finds they need a little more power, speed, pitching, whatever). In other words, he is really correcting drafting "mistakes." He may jettison one of his lowest-performing players, but my guess is he often replaces him with a player who has slightly different strengths and weaknesses.
Does mixtroy actually gain a competitive advantage by working the WW so often? Probably yes, because in searhing for upgrades, he is assessing his team's relative strengths and weaknesses more often than other owners and he can adjust to his competitive landscape faster and better on the fly. We all learn more about our teams' strengths and weaknesses as the season progresses and we have a better sense of our competition, the ballparks we're playing in, catcher's arms, types of pitchers, etc. Mixtroy is simply the rare owner who is good enough at making these midcourse correctios that he can compensate for the 10% penalty for secondguessing himself. Crimsonblue may be anotherof these owners, or he may have gotten lucky a couple times.
But keep in mind that you're not really finding opportunities on the waiver wire because, in an OL especially, you had the entire universe of players available for drafing. You simply have more knowledge of your team and your competition to take advantage of a much more limited pool of opportunities to correct your initial "mistake." Think of it as shopping for a house and you look at houses A, B and C. You buy house A and, a few months after moving in, you're not happy with it. Then you're delighted to see that house C just came back on the market and, even though the owners raised the price by 10%, you snap it up. You may be delighted with the ultimate outcome, but the bottom line is that you still paid 10% more than you needed to in order to correct your initial mistake.
10/9/2011 11:36 PM (edited)