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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: AD who wrote (30975)	4/17/1999 3:41:00 AM
From: jlib	Read Replies (3) \| Respond to of 122087

Re: Private site (maybe a weekend topic suggestion?) I think the tiering idea is not so great. Here's why. First, nobody is going to pay a thousand to be a guru when you can pretend to be one here at SI for free. $400 is an ideal price point because when you amortize it down to the day it is only $20. Yes, it is like paying an extra commission each day. For the first 3 months of this year I could only actively participate in the market for 3 1/2 hours a day and I would have gladly paid the $7 an hour consulting fee it would have represented then. Now that I spend more time in the market it would be half that per hour. Sorry, I just can't imagine a serious investor for whom that fee would be an extreme burden and I'm just a person of average means. If you figure one official pick a day and allow for one dud a week that is 4 picks a week and let's figure 3 points average gain. If I put 200 shares into each position that's $3000+ per month without having to actively do anything. No, I forgot to deduct the $400. So, it is an extra $2600 without even participating in the discussions but just getting the real-time email and being a robot. Those who want to actively participate by dedicating more time and financial resources will generate proportionately higher results and will benefit from the group derived secondary picks. But you know, I was more consistently successful when I did not have the time to get into trouble on my own. There definitely should not be a delayed email-only tier at all. We seem to be sensitive here to the notion of frontrunning as an evil. What about this scenario: A@P makes a call. Twenty minutes later the delayed tier gets their email and A@P notices conditions that warrant closing the position and makes the real-time call coincident with the receipt of the original open call by the delayed tier. I think it is apparent what the problem will be. Instead of a fee based delayed tier the daily results should be posted at market close to something like like the current A@P trades-only thread. This will still have some value for the longer term positions and will be a documentation of results. Afterall, people have to see that it is indeed worth $400 to participate. Just my thoughts on the matter. Any replies welcome. Best, Jimmy Liberato

To: AD who wrote (30975)	4/17/1999 10:33:00 AM
From: RGM	Read Replies (2) \| Respond to of 122087

No, I was not a member of Tokyo Joe's SA. Your reply to my comments were interesting as well as Jimmy Liberato's reply to your post. I think we need to hear some more comments from others to get a good sampling of the feedback on the pricing. Personally, I do not buy any stocks under $5 a share nor do I get involved in IPO stuff. Life has enough risks for me as it is. I think I have aged before my time several times during the last 12 months with a couple of internet and bio-tech plays, but that's part of the risk/reward curve. Thanks again for your reply. Rob