Not sure of the bow, but when trying to site a bow in, the rule of thumb is to "chase the arrow." Meaning that if the arrow is hitting LEFT, move the sites to the LEFT, and it it is hitting LOW move the sites DOWN. I'm guessing you're new to archery, and there are so many things to learn, that it can be very frustrating, but stick with it and you will eventually find that it can be very rewarding.

Here are a couple links that you can keep on your Favorites and refer to to help you from time to time....

http://home.att.net/~sajackson/archery.html This site has lots of good info, manufacturers sites, arrow ballistic info, the EASTON Tuning Guide: http://home.att.net/~sajackson/tuning_guide.pdf, www.huntersfriend.com (because this site hassome good articles on various topics that are beneficial to beginners and experts)and http://www.thearcheryhut.com/calculators.php this site is good for trying to figure out speed's you can expect w/ different set-ups, FOC, etc.

As far as arrows, accessories, etc, you may find that outfitting the bow costs more than the bow did in the first place. I might recommend looking on E-bay or on the classified either here or on www.archerytalk.com for some used stuff, and have a shop set the bow up for you. As far as tuning goes, once you get your nock point set, I am a big fan of "walk-back tuning (do a search, here or on archerytalk.com and you can find a lot of info on this). And I don't believe I'd even try to paper tune if I were you, because the likelihood is that you may not be able to get bullet holes even w/ a perfectly set-up bow, because often times bullet holes are more resultant of a perfect release, than a perfectly tuned bow. I hope some of this helps, and good luck!!!