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To: Sweet Ol who wrote (87135)2/13/2001 11:33:51 PM
From: isopatch  Respond to of 95453
 
StockCharts.com eliminates commentators:

Picked up this email from their Prez on another thread:

"Hello Fellow ChartWatchers!

Well, we've got one of those classic "Good New/Bad News" situations for you:

For two years now, StockCharts.com has been delivering on our vision of great financial charts, great financial education, and great financial commentary available to all. With great support from our users, we have grown into a Top Tier financial destination generating more than 9 million
page impressions every month. Unfortunately, we - like Yahoo, Silicon Investor, and others before us - have been impacted by the continuing decline in online advertising revenues. Despite the amazing traffic growth we have experienced, revenues have not increased nearly as dramatically - which is to say, they've fallen.

Recently, we realized that in order to ensure that we remain "on the air" we would have to change how we do business. Many options were considered, investigated and ultimately rejected. We were left with two bad choices:
1.) cut back on our charting tools, or ...

2.) cut back on our expert commentary.

Cutting back on our charting tools is basically unthinkable.

Providing terrific charting services is at the very heart of what StockCharts.com does and it is something that we do very well. Our tools currently generate over 70% of our page impressions. Choice #1 was really not a choice at all.

While very painful, cutting back on the commentary from our experts was really the only choice left. Arthur Hill, Richard Rhodes, Scott McCormick and all the others have done a tremendous job providing thought-provoking articles and helpful advice to our readers. Their contributions will be sorely missed. For those of you that follow these columnists closely, the good news is that most of them provide commentary via other websites and/or newsletters. We are compiling a list of these resources and will post it
on our homepage very soon. You can use it to learn how to continue following your favorite. For example, Arthur Hill already has his commentary up on tdtrader.com

The silver lining to these painful changes is actually very bright, especially for people who perform their own analysis:

1.) StockCharts.com is not going away anytime soon. With this change, we are actually on much better financial footing.

2.) StockCharts.com will continue to provide great charting tools and investor education - all free of charge for everyone.

3.) We are now totally focused on improving our charting tools. In addition to our new intraday charts, look for improvements such as chart annotations and user-defined technical scans very soon.

In the next couple of days, we will be rolling out a new version of our homepage. It will be full of market charts, financial data and technical scan results and it will reflect our new change in direction. Watch for it to debut before the end of the week.

StockCharts.com remains committed to the idea that with better tools and education, on-line investors like yourself can make better financial decisions. We really do appreciate your support of our efforts. As always, you can send me feedback directly or via the Feedback for on the
website.

Stay Tuned,
Chip Anderson
President, StockCharts.com
stockcharts.com"