We unfortunately have to be a bit of a bad cop to end the week. This week’s e-mail update to subscribers of the Australian Small Cap Investigator went out to over 10,000 readers. Yep, that makes it one of the largest circulation newsletters in the country now, which is great.
What is not great is that the e-mail update was then forwarded over 1,000 times, presumably to people who are not paid-up subscribers. Last week, a Slipstream Trader update with a new trade was forwarded over 92 times to non-subscribers . The same is happening for Diggers and Drillers and The Swarm Trader and the Australian Wealth Gameplan. Paid-up readers are forwarding along the subscriber-only material at an alarming rate.
Not to dwell on the point, but the point is simply this: we can track this and we know who you are. We’re basically anarcho-libertarians here at the Daily Reckoning. So it’s not our style to threaten or coerce anyone. But if you’re forwarding copyrighted material, you’re breaking the law. Please, don’t do it anymore.
Obviously, from time to time, you’re going to forward something you find interesting. That’s all good. It happens. We do it ourselves. But there are some chronic offenders who literally forward each newsletter or new trade to dozens of readers.
This is unfair to other paid subscribers and more importantly – with Swarm and Slipstream – notifying other people about the trades we’re making is not in your best interests as a trader – especially if you’re telling third parties where your stops are in a particular trade.
So we’ll leave it at that for now. It’s great that certain readers like the subscription material so much they want to spread the word. But please don’t spread it too much. After all, our subscription prices are extremely competitive. So if you really think your friends should see what we’re up to, ask them to take a punt and subscribe
for The Daily Reckoning Australia