To: jlib who wrote (30980 ) 4/17/1999 11:52:00 AM From: ACS_101 Read Replies (1) | Respond to of 122087
Jimmy, Good post, and I generally agree strongly that the main ($400) tier is a compelling value. In my opinion, it should not present a financial burden to anyone who has been carefully evaluating the effectiveness of Anthony's picks over a period of time. My belief is that the smaller an investor's trading stake, the less they can afford to lose, therefore the more justified the $400 subscription level. The time-delay quote will allow those who opt for it to trade on a smaller number of issues that did not move immediately out of range upon real-time trade calls having been made. There have been several of these over the course of recent time I can think of. LWIN could have been had at bargain basement 12 3/4 for well over an hour after Anthony called a buy at 13 5/16, and all day at 13-something. Profitable short positions could have been had in TURF, of course, for 2 days at 60+, etc. In the case where circumstances change radically, I'm sure Tony will be able to use his judgment to override the 20 minute delay for his lower-tier subscribers to reverse or close a position. Think about the man and the mission. Tony has vigorously stated that it is actions, not words, that determine integrity. His actions clearly and consistently have maintained the highest standard. At the same time, he has been giving away his expertise for 4 months now for free, reducing the effectiveness by crowding many of his most confident calls. Now he is going to take the responsibility to accept subscription $ from those wishing to work in a more private circle. I believe his actions justify affording him a degree of trust that he will continue to do the right thing. What is the risk here? $400. Anyone NOT lost that much on even one trade this month they wish they'd had better guidance on? Come on. Anyone dissatisfied with the value of the private site can simply downgrade or cancel their subscription. There are a lot of smart and communicative folks on this thread, whose views I value and appreciate, but I just cannot see that this cost is a serious barrier to serious participants. Then again, some people will insist on paying $9.99 commissions for trades over which they have no control, rather than $40 Yamner commissions which can consistently give them executitions they wouldn't have gotten online, and not infrequently 1/16 better trades as well. JMHO, of course. -- Alan