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I just bought Bernie Schaeffer's book called The Option Advisor. I
really didn't like it. I really wish I hadn't lost the receipt for it,
because I want to return it.
Bob Fulks wrote:
>
> >Anybody got any experience with Bernie Shaeffer option programs looks
> >pretty impressive with actual trades history for 97 and the price is not bad.
> >
> >Thanks,
> >
> >Robert
>
> I subscribed to several of their services for a year or so and had my
> broker get the FAXes and take every signal. Results were lousy. Lost a lot
> of money.
>
> Then, when they tried to sell me a renewal of the subscriptions, they sent
> me a detailed list of their recommendations showing how profitable their
> service had been. It looked suspicious so I checked the list against all
> the FAXed recommendations they had sent me.
>
> They had "modified" several of the recommendations to make them look
> profitable, when in fact they were losers. In short, they were lying about
> their track record.
>
> I complained to Bernie Schaeffer directly and they kept giving me the
> runaround until they wore me out.
>
> My advice - don't touch it with a ten foot pole.
>
> But if you still want it, just call once and then wait. Each phone
> solicitation from their super agressive sales staff gets successively
> better, adding in all kinds of extras for "this weeks special offer".
>
> If you want the detailed data, I still have it.
>
> (It was part of my "stupid phase" so I am saving the data as an example of
> what never do again. I finally figured out that no reasonably intelligent
> person will sell you a sure way to make a lot of money for a few thousand
> dollars.)
>
> Bob Fulks
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