Re: [CANSLIM] PAYX Double Bottom--TA!!--Newbie Groups

From: dbphoenix <dbphoenix@yahoo.com>
Subject: Re: [CANSLIM] PAYX Double Bottom--TA!!--Newbie Groups
Date: Mon, 8 Jun 1998 12:45:32 -0700 (PDT)

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<<>PS.  I found the post by one of the folks from another group to be
quite
>good.  Thank you for taking the time to re-post it here.
>

Is the group private?

Frank>>

Not in the sense of "exclusive".  In fact, most of the members have
gone their merry ways.

It all started when I was on AOL and I saw how novices were treated on
so many message boards, particularly the CS board.  There were only a
few real jerks.  In fact, they may have all been the same person,
given that AOL allows up to six alternate screen names.  But  the net
effect was to discourage novices from posting stocks or questions.

So I volunteered to organize and sponsor groups of novices.  It was
generally up to them to decide what the steps were going to be (read
the book first!), who was going to do what and when, and so forth.  My
role was primarily to tell them about websites, answer questions,
prevent arguments, toss out jerks (there weren't any), and help them
stay focused.

Attrition was fairly heavy.  Many just wanted to know what CS was all
about, but they didn't really want to work that hard.  Some were just
looking for stock tips.  Some wanted to use CS for only a small
portion of their portfolios and thought CS would take up a
disproportionate amount of time (after all, you have to read a book). 
Some decided that funds were more to their liking, given that they
wanted lives.

But quite a few just loved it and really got into it.  They're still
together, sharing stock ideas and analyzing charts to shreds, but
they're hardly newbies anymore.

I could sponsor another one, but I really don't see the point.  I see
no reason why novices or near-novices shouldn't feel comfortable about
asking whatever they please of this e-mail group.  If some regulars
don't want to respond, they don't have to.  Or newbie questions could
get a subject-line tag, like the "TA" tag that some have asked for, so
that those who aren't interested can skip the questions.

I for one think that even those who have been using CS for years could
stand to reexamine long-held beliefs.  They might surprise themselves.
 Or others.  The best way to know whether you really understand
something is to find out whether or not you can explain it to someone
else.  For example, I'm glad that Tom finally responded to Jeffry. 
Some interesting stuff there.  I'm sorry to see the thread closed.

My apologies for such a long answer to such a short question, but I've
received far more inquiries about "the groups" than I ever expected,
and this should take care of whatever anyone might have wanted to know.








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