To: Jeff Sutton who wrote (25352 ) 2/19/1999 4:51:00 PM From: Jenna Read Replies (1) | Respond to of 120523
Track Record... No problem except that we couldn't do it on the thread but we would do it on the website. And I have done it for the past 8 months even before we went 'commercial' with MG. You have to remember that this thread is not property of Market Gems. The daily check of newsletter picks is a totally wrong way to determine our track record because the picks are for 2 days to 1 month holds and not all of them are 'called'..or come into buy territory and we call them well in advance so what would the point be in testing a pick that is scheduled for late next week? The best way would be a tally of the following categories with "A" a given in all cases, the most points should accrue once criteria B is met.. and C being the most important categories and the most points accrued. a) when the stock first appeared (i.e. about 7 days before it reported earnings giving you ample time to 'get in' ) b) when it was 'called' as coming close to or actually triggering a 'buy' signal. c) how it acted AFTER that buy signal [This is the most crucial and here is where we would get the most 'points' did it peter out or did it go on uptrending to reach our 5%+ targets] d) the actual report [did it in fact beat or otherwise have a 'good report']if it didn't did we get out in time and make our profit on anticipatory upswing. e) post-earnings activity on the stock [did it accelerate after the report, was it upgraded, did it appear in Investor's Business Daily, was it picked up by institutions. This is like a bonus category for bonus points] The Daily Watch List could be 'checked' out more quickly giving the stock about 2-3 trading periods before a determination would be made. Being a perfectionist I would not accept a slipshod analysis on anything but would tend to give every analysis 101% accuracy. As for advertising, I am well aware that Market Gems on SI is a megaphone for our commercial service and in our case the horse did come before the cart and we were lucky. We were popular way before the service went commercial and we 'earned' our popularity through painstaken work and successful picks throughout the last 2 years. Going commercial was a natural progression no different than an EBAY, or GNET going public. But we do not do this just to advertise, its just a good feeling to 'zero in' on stocks that for the most part are seldom tracked by traders (i.e. MCSC,ZQK,RFMD,MYSW etc). We will cap our subscribers when we reach 2,000 and that number is coming up on the horizon.