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Michael,
Your point is well taken, but the current frenzy seems to be just another
example of someone trying to hijack the band-wagon called "Naive & Gullible"
In addition to Jake Bernstein's well-worn info-mercial promising outrageous
profits to anyone capable of using a telephone-- Larry Williams in now on
the info-mercial circuit with his promise of beating Wall Street with his
simple Stock Trading strategies-- and in print with a new "How to Rob Banks"
promotion.
I've known and had dealings with these respected traders in the past but it
seems that the lure of the possibility of snagging some of the thousands of
newbies wandering into the investment/trading arena each day is too
compulsive to just sit back and let their previously captured millions work
for them...
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At 06:28 PM 3/30/98 -0800, you wrote:
>2. You can imagine then how really shocked I was today, when I received a
>direct mail piece from Omega Research promoting a "FREE VIDEO [that]reveals
>how you can dramatically IMPROVE PROFITS by testing and automating trading
>ideas with TradeStation". The flipside headline says "This video could
>change your life...". Some of you might have seen this piece very recently.
>
>The shock is on the inside of the brochure dead center where there is a TS
>published performance report for "My Favorite System", for the S&P 500.
>It's a daily bar system that shows $66,800 in net profits, a win ratio of
>57%, profit factor of 3.02 and remarkably only $2,925 in max intraday
>drawdown [isn't that great ?] PLUS, a staggering return on account of 2284%.
>
>Enough to get a prospect excited, yes, no? .... SORRY!
>
>Michael Paauwe
>mpaauwe@xxxxxxxxxx
>
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