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Future of anticitrade webpage

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November 02, 2010 – Comments (5)

I have been asked many times over the last 3 months when the anticitrade website would be back online.  Because of the many parties impacted by this decision, answering this question has been problematic.   However, because of new developments, I feel I can finally provide an answer to this question.

First you should know some facts about the anticitrade website:
The three founders of the site now live in 3 different states and all work long hours.
The anticitrade model required continual maintenance and tweaking on my part.
The site was vulnerable to our datasource reformatting their information (which happened and required a massive rebuild of the baseline model).
I always felt very responsible for the quality of the data presented on the site, and worried about individuals misusing the information provided.
Although we had over 1,200 registered members, the site didn’t make any money, and required some regular expenses.  (Theoretically we could have charged money for membership, but that would have required a level of liability that wouldn’t have justified the income).

Despite all this, I loved the site.  The interface was wonderful, it did a fantastic job of analyzing stocks and provided recommendations that made people money.  Unfortunately, I just don’t see the anticitrade site coming back online.

However, for those of you who were believers in the anticitrade system I have some good news.  I am currently working with a few highly experienced investors (including TigerPack) at developing a fund based partly on the results from the anticitrade model.  In some preliminary testing, we have seen that selection based on a peer review of the top anticitrade picks can generate significantly more value than the stand alone model.  As we get closer to launching this fund, we will provide you more information.

I want to thank both Brandon and Stephen who worked so hard to develop the anticitrade website.  Both of these guys put in countless hours to develop the website, and never saw any compensation for their hard work.  I also want to thank all those who believed in us and supported the site.  I would be happy to answer any questions you may have.  Also feel free to contact me at anticitrade@gmail.com.

5 Comments – Post Your Own

#1) On November 02, 2010 at 11:23 AM, zymok (< 20) wrote:

Sorry to hear that your site will not be coming back.  I found it to be a valuable resource.  Best of luck to you in your future endeavours.

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#2) On November 02, 2010 at 11:23 AM, Dobbes (< 20) wrote:

I was really amazed by your website.  Seeing it got me motivated to refine my own statistical screening tools.  Though my algo isn't nearly as complicated and refined as yours, it has been a successful venture, and tested positively here on CAPS.

There was another poster here who also ran a website based on statistical stock screens who got scooped up by some private equity guy (his name escapes me for now).  So keep at it, and you may get the compensation you deserve for your labors.

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#3) On November 02, 2010 at 11:30 AM, dbjella (< 20) wrote:

Thank you!

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#4) On November 02, 2010 at 12:16 PM, dragonLZ (99.31) wrote:

I want to thank both Brandon and Stephen who worked so hard to develop the anticitrade website.  Both of these guys put in countless hours to develop the website, and never saw any compensation for their hard work. 

What do you mean? If they invested based on your/their anticitrade model, I'm sure they got compensated... :)

Best of Luck to you and the new fund!

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#5) On November 02, 2010 at 1:09 PM, MegaEurope (< 20) wrote:

Progress on a fund is great news!  Will it be a private investment fund (a small hedge fund with no net worth restrictions)?

Getting Tigerpack to sign on is a good start. Hope there is also room for other CAPS investors I respect, like Jakila or Deej for example.  I would definitely consider investing once you get everything worked out.

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