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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: David Meyer who wrote (19939)12/15/1998 3:49:00 PM
From: Jenna  Read Replies (3) of 120523
 
Too many subscribers to think about a chat room at this point. Sometimes when you start a company like Market Gems you don't really know what the 'focus' of the company will end up to be at the very beginning. It's turning out to be more of a 'research rich' company with lists of stocks that through research, scanning and sifting are making good daytrades, swing trades, position trades and even lately short term/intermediate holds. Today to download just a graphical rich report on ONE company from a brokerage or S&P report will cost you $10.00 and sometimes up to $25...and I analyze about 20 companies a week for the earnings play in the same manner, but a bit more concisely. They take advantage of the fact that people are not 'computer savvy' enough to do it on their own.

When Barron's reviewed out site in November marketgems.com we made the top 10 websites for "investors"... and NOT trading site or daytrading sites.. When I called them and asked them how come.. they said they got calls from people that 'invested' in the newsletters companies and did well..and found the newsletter and daily watch lists a good value for both short term trades and longer term holds. In fact, I've recently been called by both money magazineand business week and they to mentioned the 'special' niche we seem to have filled. Money magazine is doing an article on companies that have stock pick and stock research and not on daytrading stock selection sites. So basically we evolved from daytrading and purely momentum plays to longer term holds. Having a chat room, would dilute the effectiveness of our service by widening the focus and losing our niche.

As for bulletins, our prices are so low that to do that as well would increase out prices to the levels of others offering this service and that would mean at $150 a month... For $70 a quarter we are giving a service that is worth at least 4-5 times more. We are indeed raising prices by about 40% but that will still leave us well below the 'average' stock selection service by about 300%. We would rather have a very large subscriber base and charge very reasonable fees that have fewer subscribers at very high subscription rates.
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