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Non-Tech : Bernie Schaeffer's - Option program

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To: Mike Fredericks who wrote (82)6/3/1997 8:21:00 PM
From: .com   of 203
 
Hi Mike-
The picks were from the Schaeffer's Option Pathfinder Service. They CLAIM this is a complete record of all picks during that time period (since they started that service). It is interesting to note that about 1/2 the picks were losers, but they cut most of the losses short without waiting from them to zero out. Service is REAL expensive--$2,995 for a year. They will fax or mail the recs to your broker for automatic trading if you'd like (for $2,995 per year that's the least they should do!).

They sent me a copy of a sample (prior) pick and they realtime fax/mail you the pick, when to buy and when to exit. The picks have detailed explanations for WHY it's being recommended, charts, .. Plus, there is a daily newsletter, daily oppotunties to ask Bernie questions, and a few other throw-aways to try to justify $2,995.

I have noticed on this thread that several folks said you really have to weed through the newsletter picks carefully, and it is best to do your own TA with his recs. However I don't have much experience doing TA analysis (and would probably second guess myself the whole time), so the prospect of them weeding out the better picks is appealing. On the other hand, $2,995...

I'd appreciate any and all feedback. Thanks.
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