Bernie Schaeffer's - Option program Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bernie Schaeffer's - Option program

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alice M Bryant who wrote (90)	6/4/1997 10:39:00 PM
From: Mike Fredericks	of 203

Alice - I have only bought two of Netpicks picks since my free trial started (total of 7 trading days. 9 Recommendations [1 day had 3, 1 day had 0]). One I made money on, and would have made more had I held instead of getting out at their target. IBM Jun 90 put. I got out at 5 1/8. Made $100 on a 2-contract investment, so I'm not unhappy or anything. Other I still have. The current bid equals what I paid for it, so if I sold now I'm down only the $27.50 in commissions x 2. They picked SEG calls either late last week or early this week... I stayed away because SEG was in a downtrend on my chart. You could have bought at their entry and gotten out at their exit on the same day. Of course next day it tanked again... either they were lucky or had good timing. They picked QNTM calls last week and the stock had opened strong so their rules said to stay away from it because it had gotten higher than their max entry... if you bought in anyway it went higher than their projected exit... but they don't count that one towards their record because you only got in if you didn't follow the rules. I use Netpicks the same way some people use Bernie's picks... I look at them for recommendations. I need some discipline - I need someone to give me a target entry and exit. Like I'm holding MSFT Jun 120 puts now. Have no freaking clue when to sell 'em. But I won't get on board a Netpicks pick just because they do... I don't have the $10K to blow on options that they have every month. -Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next