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Pastimes : Anthony@Pacific Member Vote

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To: Jenna who wrote (542)10/7/1999 8:33:00 PM
From: Nazbuster  Read Replies (2) of 1638
 
Jenna,

I like your style of investing and respect the energy you put into what you do. I've been a subscriber of your service for a long time, but unfortunately didn't utilize it much because of limited time for analysis and far too many posts on SI to wade through. (I trade 1/2 time and work full-time.) Consequently, I have requested termination of service for this month. I have no complaints about the service, however.

I'm also a member on A@P's private site and have found it to be a fantastic resource for trading, learning, and sharing ideas with others at all levels from relatively new investors to professional traders/brokers and fund managers. The objectives and style of trading is completely different (as has clearly been pointed out), but the level of interaction is far superior to my experience on SI.

I think that there is an inherent problem associated with your popularity on SI that A@P also experienced and that forced him to go private. When Anthony was making live calls on SI, there were so many lurkers watching that it became impossible to execute effectively. A short call would drive the price down; a cover would drive the price up. Many people were stuck in unsuccessful trades because of poor entries or exit opportunities resulting from overcrowding. I suspect that many of your successful calls are a "self fulfilling prophesy" to some degree: A stock is at a pause in a downtrend until MarketGems subscribers jump on it from a watch list. (Pure speculation, but still a strong suspicion.)

By Anthony keeping his private site membership restricted to a small number of very capable people, it has become an incredibly effective trading group. Unfortunately, a small membership means the individual cost needs to be greater to make the facility viable. So, when I see criticism of the high cost of Anthony's site, I think people just don't realize how effective it is compared to how difficult it is to trade with thousands of others following the more public calls offered on SI or through MarketGems.

Comments?
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