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Non-Tech : Bernie Schaeffer's - Option program

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To: full name who wrote (96)6/7/1997 7:52:00 PM
From: William H Huebl   of 203
 
Hi Full Name,

The question on Bernie Schaeffer's ROI is moot for me... I started off with CISCO puts and got creamed... before realizing the fine print said I had to go into everything he recommended or I would not do well.

That is when I developed a "pick out the best" process which told me BAY was the best and probably only of his June picks... yes it can be told now... 2 weeks have gone by since original publication.

BAY is in a long term downtrend and will tank this week... at least according to MY indicators. It is actually 3/4 of a point BELOW his buy recommendation... but remember his caveat... DO NOT ENTER ONE OF HIS RECOMMENDATIONS AFTER A WEEK HAS EXPIRED? Which, to me, makes no sense at all... especially if you can see (which I posted previously) that the recommendation was not ripe yet.

So I use Bernie for the source of recommendations... to get the better picks and to, hopefully (hope is not an option) do much better than either the 53% or 100% he quoted.

Regards,

Bill

PS My Barron's indicators say strong up this week.
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