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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: OZ who wrote (3399)	8/29/1999 9:01:00 PM
From: Eric P	Read Replies (1) \| Respond to of 18137

OZ: By the way, As you can probably tell, I know the owners of Pristine quite well. They completely changed the way I view investing and made me into the Trader that I am today. I feel I owe them more than I have already given them. I do not subscribe to their chat room nor do I subscribe to their stock picking services. They train people to become independent traders. Hell yeah they are making a lot of money. SO WHAT. They are also making creating many successful people around them and it is this WIN-WIN situation that is keeping them alive. I know that the people at Pristine.com are 100% committed to helping people develop into better traders. I also know for a fact that Pristine's founders, Oliver Velez and Greg Capra, are both fantastic traders and they do everything possible to help their students to learn their techniques. Nowhere else have I seen successful traders sharing the details of their trading strategies in order to help others be successful. Talk to any of the 15-20 students in their White Plains, NY trading room and you will get an endorsement for Greg and Oliver. I know, I was there this past week and talked to them. I have also talked to numerous Pristine subscribers at their one day seminar in July and found strong support for the quality and validity of the Pristine approach. The whole Pristine organization shares a philosophy of helping others develop into better traders. I admire people such as this, as this has been my purpose since starting this thread several months ago. During the past six weeks, I have spent an increasing amount of time talking to people in the Pristine organization and their customers and have not found a single person who would challenge this favorable impression. Pristine.com is a quality organization with quality people. Several weeks ago, Oliver and I began having discussions about how my automated trading platform could be beneficial for their customers. Specifically, he wanted to have their exact trading strategies programmed into the automated platform and provide instantaneous alerts to their subscribers whenever a stock met their criteria. After several weeks of careful consideration and a detailed assessment of Pristine.com, I have agreed to work with them on this project and may also help them add more educational content on their website. I would not have even considered this without complete confidence in the Pristine organization. They are the real thing, and I am impressed with them. -Eric

To: OZ who wrote (3399)	8/29/1999 11:32:00 PM
From: Bob Graham	Read Replies (2) \| Respond to of 18137

I did not mean to get your dander up here. :) I am just posting my opinion which I have reason to believe has validity to it. I have read enough "one way" type of publications from special interests to recognize them instantly. They all have the similar ways they accomplish their self-interested purpose in print. This is not to say that Pristine is not of value. If their course work is of value to you and the same goes for their newsletter service, then great. I will tell others what I think, and add that there are traders that have found their services of value. No problem. For your information, here is what raised my suspicion as to their operating practices which was later supported by other material published on their bulletin board. When you have two experienced traders in the market, where I think even one was a floor trader, and they open up a online newsletter that recommends illiquid stock picks, then let me ask you a question here. What service are they actually providing their subscribers? At no surprise to myself, I have talked to past subscribers that have had to drop their service because the newsletter recommendation had already lifted the stock price substantially beyond their entry price. You certainly must have heard of this questionable type of practice done before by chat boards and online newsletters? This is one of two significant areas where I find their integrity somewhat less than...pristine. For if Pristine was operating with a high degree of integrity, they would completely avoid thinly traded issues. Listen, I am not saying their crooks or do not have value to offer. But I have seen other outfits with operating practices more to my apparently higher standard. Nothing to do with morals here, just personal preference. Lastly, the post of mine that you have referred to was talking about how there will be biased publications to sort through from both parties in this media event: the established brokerage firms and the day trading firms. This is a given when it comes to human nature and aggressive biased special interests. And the press will provide their own slanted material. It is best to be wary of this. So lets take this off-line through PMs if your want to continue this discussion. Bob Graham