Last Post 01/12/2011 09:24 AM by Petro_Drlg_Engineer (1385) . 4 reply.

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01/10/2011 10:12 AM

MS - latest REDUCTION in services for investors!
by Petro_Drlg_Engineer (1385) Joined on 06/18/2010 Posts: 110
Called MS and found out why the symbol for PetroMinerales (5PMG.TO) has disappeared! The reply was that to keep the 'subscription cost the same", MS deleted ALL stocks outside the USA from the database as of this morning! So all of us signed contracts and paid for MS, and they are now reducing their costs and increasing their profitability; while reducing the companies we can track with their system! I've personally invested in PetroMinerales and created this blog post on MS. The Toronto symbol met not most, but ALL of the William O'Neil screen criteria, but guess it's to GOOD ENOUGH. Therefore MS has decided in it's infinite wisdom, (more likely in concern to maximize it's profits) not to include: Toronto - PMG.TO Frankfurt - 2603954.F and 2PT.F USA Pink Sheet - PMGLF.PK even though this is trading at +$35/share! Seems NOW MS - IBD does not carry anything that doesn't trade in the United States, but they publish a newspaper that includes WORLD NEWS... Why cover the world if one is going to restrict where we can evaluate - invest?!?! Humm... Page B12 of today's newspaper is titled "WORLD STOCKS"... But unless these trade as ARD's in the USA, don't try to evaluate them using MarketSmith... Personally have over $1 MILLION invested in a stock that MS has decided it's not worthy of their database simply because it trades on the USA Pink Sheets, and it's not PetroMinerales! It's only up +400% in two years... The company is actively working with the EPA via a CRADA agreement, Battelle Org that publishes the US Department of Defense Quarterly Newsletter, and The Texas Medical Center in a 300 patient clinical trial; but per IBD's - MS wisdom since they trade on this exchange it's not worthy of their system. My +$1 million in capital gains over the past two years would argue the point, but it seems MS profitability is more important than investors returns! Wonder if the subscription costs for Toronto and Pink Sheets to IBD/MS will exceed the number of paying subscribers they lose over this attempt to increase profits and reduce the usefulness of the product... Time will tell, but it's a very good thing my subscription is not expiring this week or month, as of now it's not worth the $1300 per year! PDE
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01/10/2011 10:55 AM

Re: MS - latest REDUCTION in services for investors!
by Petro_Drlg_Engineer (1385) Joined on 06/18/2010 Posts: 110
Did a quick search for companies listed on OTC Pink Sheets... Why would any investor EVER want to invest in these companies???!?! SIEMENS A G REGISTER (Other OTC: SMAWF.PK ) is listed. It's only got a $100 BILLION Market Cap, and over 400,000 employees! http://finance.yahoo.com/q?s=SMAWF.PK http://www.siemens.com/entry/cc/en/ My personal thoughts, having discussed listing options with a CEO of a Pink Sheet company, is that if management wants to be a crook, they will be! Going from Pink Sheets to other exchanges costs a small company hundreds of thousands of dollars, and LOTS more regulations and required filings - audit each year; most of which adds NO VALUE or profits to the company. Seems the USA is losing lots of listings to AIM in London, etc due to Sorbanes - Oxley, etc. But that's just my opinion and it's very clear IBD-MS is making decisions based on what they think is best... for them. PDE


01/10/2011 04:54 PM

Re: MS - latest REDUCTION in services for investors!
by MARKETSMITH (11775) Joined on 06/14/2010 Posts: 715

It is our goal to provide our subscribers with the best tools and data available. We scrutinize and scrub company financials and reporting to ensure that you are basing your investing decisions on the best possible data, screening criteria and proprietary ratings and rankings.

 

At MarketSmith we specialize in domestic, research grade equities. We do not focus on pink sheets, bulletin board, or foreign stocks because they fall outside of the scope of our research expertise. They often lack the required data or SEC oversight to make a qualitative judgment on them. We recently determined that we cannot continue to maintain that same high level of data cleansing for stocks in our database listed on Canadian exchanges. As a result, we have made the decision to remove the stocks listed on the Canadian exchanges from the MarketSmith database effective January 10th, 2011. However, foreign companies with shares traded on the major domestic exchanges will continue to be covered by our database.



01/12/2011 06:19 AM

Re: MS - latest REDUCTION in services for investors!
by dthomas240 (2985) Joined on 08/14/2010 Posts: 231

Petro,  I understand your concern  There are other stocks than US stocks to make money in.  But in Marketsmith's defense.  They did tell us they were going to do this about a month ago.  Don



01/12/2011 09:24 AM

Re: MS - latest REDUCTION in services for investors!
by Petro_Drlg_Engineer (1385) Joined on 06/18/2010 Posts: 110
DThomas240; agreed. While have been trying to see if this product will improve my investing results, the majority is in stocks they do not NOW cover... Also not sure how viable the system is. Have been watching the Community count and it's now at a whopping TEN investors! Have never seen this above 14, but only recently started paying attention. So will this survive very long if they are already cutting back on subscription costs and reducing the database? It's also NOT a good sign when the boss does an interview and can not explain how to draw a Cup Pattern with the annotation tools! Wow... even I know that, but when asked the CEO did not appear to know how to use it. What's up with that? Isn't a Cup Pattern the most often found pattern per IBD-MS? Maybe there is another tool to use this, but if the CEO is not using the tools... By MS putting various other investor styles in the Screener, it's an acknowledgment they are trying to attract a broader group of investors. Now they are reducing the pool of potential investors? Sorry, don't want to beat a dead horse, but this trained engineer just does not understand. Take good care; PDE