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>> Any RTers familiar with George Fantallis (I believe the spelling is
>> correct). He is giving some seminars in my area and is following this
>with
>> an offer of expensive training lessons on option spreads. I believe the
>> lessons are $2000 or so in costs. And he is talking about fantastic
>> profits. Sounds terribly phony to me.
>
>
>John
A couple of years ago I was invited, as a guest, on one of his courses, in
Chicago, and he is certainly a showman who loves what he's doing. The
great trading idea he had at that time was Delta Neutral. It seemed to be
based on the S&P and sounded wonderful, if you had an enormous bank roll.
It seemed rather like one of those slight of hand card tricks: you couldn't
see the downside, if you moved fast enough!
After a bit you realized where all his "wealth without worry" (for him!)
came from. Just looking around the room and doing some basic maths, then
multiplying that figure with all the other seminars he does all around
America and suddenly all the dollar signs added up. He certainly came up
with a glittering arrary of the most amazing zippidee-doodah strategies that
even David Caplan would have been envious of, but then I have come to
mistrust phrases that start with, "it doesn't matter what the market
does...", or, "you only have a point something percentage chance of
losing..."
Frankly, I would refrain from adding to his wealth and depleting yours.
With his marketing prowess, he won't miss your particular contribution, but
it sounds as if you might...
Bill
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