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I entered one of those mock stock competitions on the internet. The
competition is now 1.5 weeks old and the top leader has $1.9M. The
second place leader has $1M. By looking at the top 50 performers and
their results I'm convinced there are actually people out there with
systems that do work and don't spend their time writing books.
What would it take to write a book? Some imagination and a few graphs
showing the system working....uhm, I'm wondering how much it would cost
to make an infomercial :)
People must be writing books because:
a) their system don't always work so they mush supplement their income
b) nothing else better to do
c) they are professors doing research
I tend to like services that actually do the market research using a
system and publish their conclusions on a daily basis and allow people
to track their performance. Seeing is believing...
Edwin
> -----Original Message-----
> From: Richard Estes [SMTP:restes@xxxxxxxxx]
> Sent: Tuesday, February 10, 1998 12:51 PM
> To: MetaStock-list
> Subject: Re: Why do trading gurus market services?
>
> Yes, you are correct. Take a book like Cooper's hit and run @ $100 a
> copy
> and selling over 250,000 copies he gets a slice of that 25 mil. For a
> few
> weeks work, he gets a good return with less risk.
>
> In a illiquid futures market, giving a "secret" system away could
> effect its
> value, but in the 10,000 + markets in stocks, it has little effect.
>
> Richard Estes
>
>
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