To: CatLady who wrote (670 ) 10/8/1999 7:14:00 PM From: Jenna Read Replies (1) | Respond to of 1638
You are right and wrong.. first of all the post was only removed from this site. I can still post 'information' on my site. Second, I only answered because this post below was put on THIS site. I would not have even thought of posting on this site any more than I would have posted on A@P's site when he returns. I already have an advertising and marketing team in place, only waiting to formally annoint it for duty. <<<<<To: Jenna (542 ) From: Daniel M. Gold Thursday, Oct 7 1999 8:33PM ET Reply # of 727 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?>>>>>>>>> )))))))))))))))))))))))))))))' And I felt I was entitled to explain in light of that misconception and that we would be having our own private site. Thirdly, I should not have gone on with all the details. I agree. This thread has ironically become a 'promotional' site for A@P started by SI themselves. Whereas by having "alerts in code" on my Market Gems thread continuing as usual, the 'old subscribers' consisting of more sophisticated traders will remain on SI because they are used to our "coding system" and of course it will be cheaper. So we will not drive anyone away from SI. Since we will be branching out also we will be bringing MORE subscribers to SI... Fourthly, There will now be two traders, myself and another when I'm unavailable to give the buy alerts on Silicon Investor, so no one will miss any alerts because I'm not around for any reason. So, considering this fact we are not drawing any subscribers away from SI but rather doubling our alerts manpower on SI... Fifthly, I will be spending most of the trading session on SI, because our chat room will be staffed by very professional traders (overseen by myself but not present for most of the trading session) who will easily use Market Gems Strategies to host the Real Time Trading Forum. In light of all this, I have to smile at the sensitivity displayed on this thread...