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08-10-2006, 01:31 AM
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Just listened to the radio interview
Who else listened to it? I thought it was actually pretty good. I was 90% satisfied with it. The host was annoying at times but did ask some great questions that received better answers than I expected. Honestly, there were no lies, but the full facts were not disclosed either. Which is where the 10% unsatisfaction came into play. Lets put it this way. There was some bullet dodging going on rather than 100% willful disclosure.
Pros: - Interview was long
- Message was presented well
- Chris did seem genuinely sincere
- A lot of effort was put into this
Cons: - Time and location of interview
- Full facts not presented on shorting ability
- Full facts not presented about top 10 div. earners (recent IPOs)
- I don't recall anyone trading on ASM for a living (some rich guy could say he is I guess)
- More future (vague) dates set that can easily be explained away when passed.
- 13,000 'active traders' figure has to be false. Chris has got to know the truth thus this would be false advertising.
- It is impossible to get a realistic grip on everything going on with this website within a 40 minute time frame. Any spin, positive or negative can efficiently be implemented.
- Clip was cut off at the end. ???
Conclusion: I'm still not convinced this isn't a scam after everything I've read (especially on this forum), BUT it was good enough for me to *maybe* let up on them a little and observe the process, ANXIOUSLY waiting for hard proof of real progress.
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08-10-2006, 01:44 AM
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I haven't listened to it yet, I will tomorrow... just some thoughts after reading your post...
I wonder what ASM considers an "active trader"? Someone who logs in once a day? I can 13k logging in once a day... or maybe there are 13k separate log in events (as opposed to 13k different user names logging in), which they count, but shouldn't... or some other way to figure 13k. I mean, if they were going to exaggerate... why not make it 25k? 50k? I don't know one way or another - I can also see 13k being blatantly false, too... so who knows...
The real test for me will be IF the article is run in Sports Illustrated... I can accept the reasons why there was a delay (editor wanting more fact-checking, sending reporter down there, etc)... but also could be easily fabricated... the best lies are believable ones  Time will tell - but no SI article, no more support from my corner
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08-10-2006, 02:19 AM
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My guess is that they have tracked and tallied all of the accounts registered since their inception and have never went back to try and figure out who's actually 'there'. For example, I tried getting someone set up with an account. They got through the process but were turned off by the lack of depositing methods and didn't continue. So their account was set up and activated but nothing was ever done with it. I'm sure it counts as 1 account in the tally but it's never been used.
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08-10-2006, 04:51 AM
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Vess:
I definitely haven't attacked your criticisms of ASM before, as I think it's important for critiques of ASM to be out there, and I've never taken any issues with the questions you raise, as it promotes discussion. I do think, however, it's a bit presumptuous to say that no one on ASM makes a full time living off the trading market. I don't know for certain, but I would guess that you wrote that because you haven't seen anyone mention that in the forums. All I'd remind you is that:
The people that participate in the forums are a tiny, tiny, miniscule slice of the trader base of ASM...maybe 100-150 people contribute regularly on the forum, out of 13,000 people having finances in ASM (obviously not all of those people, of course, are active traders). I think there are many, many people that have a variety of opinions about ASM, along with a variety of portfolios ranging from very small, to some surprisingly large accounts. It's definitely not out of reason to suggest someone could make 20,000-80,0000 a year on ASM. Taking a quick glance at the dividend intakes for some of the top traders week to week, as well as forum posters disclosing their profits month to month, never ceases to amaze me as to how large the cash flow intake for traders can be. And that's only dividends; add on the profits of buying low selling high, which is what many people only care about investing in, and it's completely conceivable that quite a few high end traders could be making a full time living.
Also, while there is some talk on the forum about personal life/jobs/romances etc...that type of personal information is thrown out there in the huge minority compared to people talking sports, trading strategies, complaints about ASM, etc...whether or not someone makes their living solely off ASM is not a topic that would likely come up very often in the forums. And even if it did, and there are people that do make a living off ASM, I'm sure the people that would say they did and post about it in the forum would probably be about 5% of the total sum. Just as in politics or other businesses, sometimes the ones that keep to the shadows and don't speak a lot are the ones that are the most successful. Just my two cents Vess.
Also, I TOTALLY agree with you about Chris' sincerity and enthusiasm in the interview. Despite depositing a sizable amount of money in ASM, and my obsessive posting lol, I am still very new, and so far am NOT a fan of this man at all, as I feel he can be egotistical, talks down to people, and I still find it preposterous the way he is going about communicating with the trader base, and setting up (or lack of setting up) a solid infrastructure and foundation of the business to get ready to show the US government. However, I was very comforted to hear his audio; while at first he could be caught stuttering a bit too much, speaking too fast, and letting the interviewer rattle him a tiny bit, as it went on he sounded confident, intelligent, thorough, and in a nutshell, having the characteristics of a person I would trust and believe in to run a company. Needless to say, this was a very pleasant surprise for me, and the fact that one stupid Minnesota radio interview at midnight could dissipate some of my own doubts about ASM just shows the power the media can have to sway people's opinions, for better or worse.
Last edited by Phillysoul : 08-10-2006 at 04:58 AM.
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08-10-2006, 08:41 AM
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MLB All-Star
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Here is a link to a thread about "trading on ASM for a living". Didn't have much follow up though.
http://www.allsportsmarket.com/forum....asp?MID=77558
Can't do much trading for a living when you can't get a withdrawal out anyway. I wouldn't give up my daytime job to trade on a site were everybody seems to be in profit and timely withdrawals are impossible.
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08-10-2006, 01:24 PM
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Thanks for posting that link tripple. I immediately thought of that thread when he mentioned that it has never been talked about. I was suprised to see it only received 12 replies and nobody said they were.
Philly: I appreciate your comments and will take them into consideration. However, do you not feel that you (we all) are being presumptuous by saying you know for a fact that there are 13,000 traders here? Do you have complete faith that this is a realistic number given out by Chris, based on the volume you see every day now? I believe the people in the forums account for a much larger percentage of who's there than people would like to believe. As I've said before, many people like to voice their opinions, especially when it comes to hot topics. I've seen quite a few people only make a handful of posts and then I never see them again. At most, I've probably seen 300 people total in the forums. If that. I don't understand why the percentage would be that small when there's so many questions in the early stages here. Down the road, I could understand it once everything was running smoothly but right now, I don't.
- I don't recall anyone trading on ASM for a living (some rich guy could say he is I guess)
I gurantee you anyone who says they are trading on ASM for a living, doesn't need to be. If somebody has that much money to gamble on a site like this, they don't need the site. No middle-class, family men are quitting their day jobs and giving up full benefits to risk trading here, although I'm sure that's what they'd like people to believe. Besides that, what do they do when you get put under audit and you don't see your withdrawal for months? Live off of savings? So while the statement MAY be true, lets put together the full facts.
And I agree, Chris does sound sincere, but so does every great con-man. That's the dilemma to me.
Philly, I'm not purposely trying to make guys like you angry for the fun of it. I just have a small investment and can see things for what they are here and am able to view this very clearly without fear. From my point of view, if it's a scam, fine. If it's not, great. I'll be happy for you guys. I don't have an agenda, and I would not purposely try to mislead anybody over this site. When I see red flags, I want to *be able to* talk about them. I don't like watching the thing run like some Stalinist form of government where everybody's paranoid of everybody and it's an 'all hail the chief' or they drag you out and shoot you. You're either with them or against them. That part has really turned me off and I'm sure there's been many others that have felt the same and are gone.
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08-11-2006, 02:27 AM
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Well Philly, you were right. There's your answer. I was wrong. I'm sure that'll look great on an application for a home loan. I bet they sleep well at night. 
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08-11-2006, 10:35 PM
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Don't need to worry about the home loan when you can pay for it straight out. If I was making a full time living, whether high or low end, by simply keeping up with sports and clicking the mouse button a lot to trade derivatives, I most definitely would be sleeping well at night.
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08-12-2006, 04:20 PM
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was the name of the Sport Stock Exchange forbidden to be mentioned? Didn't hear Allsportsmarket.com mentioned even once. Should that be treated as commercial if it had been mentioned?
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