To: Pluvia who wrote (34607 ) 5/4/1999 7:53:00 PM From: ACS_101 Respond to of 122087
Pluvia, Thank you for your post. You've raised 2 issues: 1) whether Anthony's entry and exit points are "real". 2) who gets the "credit" for trade picks. I'd like to address both. 1) I have been following Anthony's trades carefully, as close to real-time whenever possible, and I'm surprised by your complaint. I have not ever observed what I consider to be material discrepancies between Anthony's entry/exit points and quotes/charts. I've gotta allow 1/4 pt here and there for the sheer timing of market flux while typing, sending, and refreshing. SI isn't always instant, nor are streaming quotes. And he can get shorts off that I can't get cert availability. He's got the bucks to justify more accounts, and other resources, than the average "civilian". Not his fault. On a few occasions, his post states -- "oh, forget it, its melting as I type". If he'd been trading rather than messaging us, he would have bagged another profit. Things happen. On numerous occasions, when questioned, I've seen him post trade logs to document prices paid. On other occasions, as a novice, I got better execution points than he did, five minutes later. I doubt the eighth's and quarter's add up to the difference between a 50% and a 90% success rate. Each person can make up his own mind on this, but there are a lot of eyeballs on his picks, and very, very few complaints over this point. It would be too obvious if it were a pattern. I just think you're wrong. 2) As for suggestions and "credits", Anthony has acknowledged NUMEROUS times that many good short candidates come in from the thread. (Fact is, I recall him saluting you personally.) He has appeared to avoid explicitly telegraphing future moves such as "yeah, XYZ is a great one, I'm gonna bomb that tomorrow first thing, nice pick Harry ...." He doesn't want to suggest he's colluding with anyone. I thought that was pretty well understood. I've never seen him "pretend a pick was his". It's irrelevant because, as you of course know, its not the ticker, its the timing. Nearly every stock can be a plus or minus trade, short or long, every single day. Its knowing when to pull the trigger, particularly for those of us who aren't pros. I've also lost money trading the same stocks Anthony's traded for a profit. His public posts reflect his concerns to try to find spots where thread readers can get in and out too -- he obviously makes other trades privately when he doesn't impose this constraint on himself. His record takes credit for the trade , and I think that's fair. You're free to do the same. Just do it consistently for a while; post it and lets all look at how it stacks up. I'm joining the private site hoping to learn, and hoping to make $$$$. I think his insight is unusual. But like I said before, we all vote with our $$$$. If it doesn't provide both, it won't keep me for long, nor, I'm sure, anyone else. Alan