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As the editor of the options service The WOLF, I hear all of you tell me
about how you made your $$$ in options. Let me tell you this story which
gave me a better feeling than making a profit myself. This e-mail came
to me from a WOLF subscriber who sent it to someone who wanted
information on The WOLF:
"Mike,
First, nobody is perfect and good is relative, but Alan tries very, very
hard. He is the best advisor that I have seen! He goes out on a limb and
says buy at X price or better and sell at Y price. Very few "advisors"
to that. I have been with Alan's service since the end of October 1998.
I have completed 6 trades using his system - 5 have been winners. From
what I understand, Alan has two subscriptions -- The Wolf and Momentum.
At first, The Wolf had faster results, but lately Momuntum has had
faster results. Both services are clear, concise and to the point!!! I
can only follow two or three trades at any one time without going crazy.
When he recommends a price, I usually place my orders 20% to 25% is
recommendations. It's my opinion that the floor takes the price down to
see if there are any stop losses that can be taken out before taking the
price higher. If the floor does that, that's where I get in.
One of his trades involved the Jan 32.5 CBS calls. He recommended it at
1 1/8 with a sell price of 2 1/4. I got in on the buy, but for whatever
reason when the price hit 2 1/4 for about a nanosecond I didn't get take
out of the trade. So there I was feeling like I had been left holding
the bag. I emailed Alan and asked him what to do. His response was that
I should get another chance in Janauary. It was brutal for me to be in
an option trade for that long -- 5 to 20 days is the most for me. So I
began watching the technical indicators at www.wallstreetcity.com and
was amazed to see a cup and handle pattern beginning to form. The option
price fell all the way down to 1/8 bid 1/4 ask soooooooooooooooo I
loaded up at the 1/4 price. The price started going back up and up, but
with so many open interests it couldn't get to 2 1/4. The floor just
wore out everybody between $3/4 and $1 3/4 and 10,000 or so contracts
closed (jumped ship) in one day. Now with eveybody gone the price began
to take off right past the 2 1/4 all the way to 3 the last time I
looked. This one trade more than made up for the one "bad" trade so far
- WFC might be the second one. However, given two bad trades I am still
way ahead.
I started with the Option Investors Newsletter (OIN), which is supposed
to be one of the better option newsletters. It is sent three time per
week Sunday, Tuesday, and Thursday. It comes about 9, 10, or 11 o'clock
in the evening when you are half asleep and is many many many pages long
with one rambling comment after another. By the time I am finished
reading it I have very little clue as to what to do next. They suggest
certain trades, but in my opinion, their writing style is cryptic. I
believe they do this in case they receive a complaint so they can do
some spin control about what the really meant!!!! I seen them and
others do it. Is that what you want from an advisor??
My motivation, to begin trading options was to pay for my oldest son's
education at the University of Hawaii. Using Alan's system, his tuition,
room and board, books and supplies, a top of the line Compaq laptop
computer are now all paid for in full!! I also opened an E*Trade account
for him and gave him some spending money. After all that I still had
profits left over to buy into Alan's most recent recommendations.
What can I say. I think Alan is the best. I could not and would not have
done this without his advice."-RD 1/15/99
When you can have an effect on someone else's life like this, it means
more to me than all the profits I could ever make myself.
By the way, for those interested in how The WOLF works, check out the
12/21 issue of Barron's... I was honored to have been the guest
columnist for that week's "The Striking Price" option column.
Also, visit our web site at
http://www.netword2000.com/wolf/wolf.htm
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