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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rande Is who wrote (48809)3/11/2001 11:44:48 PM
From: Rande Is  Read Replies (1) | Respond to of 57584
 
Sam, a few more things. . . .on the subject of message boards, per se.

I am simply moving to another community. I will NOT be starting a private pay-only website for stock picking. I have no intention of starting such a thing and never have. Anyone who has read SEC codes can see that by doing so, it falls under the "financial advice" category. We are continuing exactly what we do here. . . but rather on Insighters.com. . .like I've said from the start.

And after 11,500 public posts that I have personally made and probably 3 times as many answers to emails and private messages over the years. . . .I can gladly report that nobody can say that I have dispensed any "financial advice". I have not told anyone to buy this stock or sell that one. . .either online or offline.

This latest settlement with TokyoJoe may have set a precedent for "guru sites" that dispense trading and investing advice. I would suspect that all those who left SI to start such private sites will fall under similar SEC scrutiny soon. We are planning nothing of the sort.

We are only building a gathering place and a place to share information more efficiently. . .and in a different way that gives the Individual Investor an edge that previously did not exist. There will eventually be a few premium areas, which provide information, etc. that requires additional overhead or labor. So we would be just passing along the cost to those who are more demanding about their info, etc. . . . and even these premium areas are nothing like the amounts of monies you were talking. . . not even close.

I respect those who have devoted vast amounts of their time leading boards here on SI. Thousands have tried it. It is a very difficult thing to do and the cream absolutely rises to the top. The most popular areas have the most public demand and deservedly so.

Nobody is going to get me to "bash" one of the other popular board leaders. I don't know any of them well enough to know their intentions, methods, circumstances, heart, humanity, etc. Just as those who would bash me, really don't know me well enough.

Now there are those who show up to challenge, disrupt or pick fights yet refuse to provide help, concern or other contributions. Ignore them and they go away. And this helps explain why we tend to be warm to some we barely know, yet stone cold to others that quickly show their colors. I have been communicating via the message boards, etc. for 18 years. And if there is one thing I know, it is that most people PRE-JUDGE those online. . . [the meaning of the word prejudice]. The boards are chock full of misunderstandings. Perhaps 90 percent of all online controversy and conflict is due to a misunderstanding of one sort or another.

This form of communication has numerous peculiar idiosyncrasies. . .EXAMPLE: two people might communicate in ways online which are totally inconsistent with how the same two people might converse or act in the real world. I could go on and on with such examples.

We all need to remember to keep things in proper perspective.

Rande Is