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Thank you to all who responded to my question about Ellery Coleman
and his S&P daytrading programs. The consensus (as is so often the
case, unfortunately, seems to be to "beware." Some of the responses
are shown below, edited to protect identities.
> I did my due diligence on this guy and even talked to him and his
> broker.He has more head fakes than Muhammed Ali.No statements and no
> good broker send-off.He has a lot of systems and kind of pushes what
> is doing well lately.At least that is my take.
...................................
>When I inquired about Ellery Coleman on the list,
>I got 3 responses, all negative. One man suggested
>having spent money there and found that the
>track record is bogus. I was interested in the 2 min
>daytrading system (Savvy?) and decided to pass.
..........................................
>Do yourself a favor and DO NOT USE HIS SERVICE. This is
>based on my personal experience and feedback from others.
..........................................
>When I saw the name Ellery Coleman, I remember my partner had dealt with him
>a few years ago. We did not have a favorable memory.
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In a message dated 11/03/1999 2:15:52 PM EST, Scaletrade writes:
> I received email soliciting a purchase of an S&P daytrading
> program called RPM (Reliable Pattern Match), developed by a
> man named Ellery Coleman. He has a site at
>
> http://www.choicedaytrades.com/rpm.htm
>
> He claims a very fancy track record, which he lists in detail.
> I've found that sometimes in real life, there is a catch...for
> example, it is impossible to actually get filled at the prices
> the program calls for, because it takes too long to get the
> order in. Does anyone have any experience with Mr. Coleman's
> system? Please reply privately or on the list. Thanks
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