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Pastimes : Why teach if you can trade?

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To: David Smith who wrote (309)2/27/2001 3:22:23 AM
From: Chris  Read Replies (1) of 313
 
Since i have used jenna's service, i have the evidence to support my post.

another piece of evidence:

Subject 37181

notice in the subject header where she explains the thread. scroll down to *archived watchlist*. you will notice that she gives you 10 watch picks for EACH DAY. and EACH DAY are NEW PICKS.

let's do the math

10 picks per day x 5 days = 50 picks a week

50 picks x 4 weeks = 200 picks per month

her strategy:

1) bombard you with picks. a blind monkey can get at least 10-15% winners. THOSE winners will be "glorified as great calls".

Problem:
1) If you have a typical $30,000 or even $50,000 to invest. Of those 50 picks a week, how much of your $30K capital can you invest?

Free Solution:

you want picks? try this service
wallstreetcity.com

all the search criterias that you want. spits back tons of picks. does the same thing as her newsletter but it's free, customizable, and a special feature that shows how well in the past the search system has been working.

*****
Final thoughts:

Again, I want to emphasize that I'm not bashing her as a trader and person. I think she has accomplished a lot and is very intelligent. However, my post is to emphasize the following

1) the method for her watchlist
2) doing the math to show the statistics
3) other free viable solutions

Disclaimer: This post is not because I lost money using her service (I didn't trade her ideas after i found out her scheme) or because I am angry at her. I want people to wake up and tell you that there are other viable resources that you can do just as easily. This is to show that ANYONE can do a EARNINGS PLAY LIST. how? Take a earnings calendar and THAT IS YOUR STARTING POINT. Of those 20 stocks reporting earnings that day, then do your own research on them. Why pay someone else when you can simply do it too? It takes 5 minutes to come up with that watch list.

And if you're SO new to investing that you don't know how to do research, you have absolutely no business in subscribing to newsletters and following them blindly (a la bob brinker)

In the end, it's the subscriber that is ultimately reponsible for his/her actions.
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