Bernie Schaeffer's - Option program Message Board

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Non-Tech : Bernie Schaeffer's - Option program

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To: Gary E who wrote (143)	6/18/1997 12:07:00 AM
From: Mike Fredericks	of 203

Hal- I'm positive on him so far, but skeptical some. Picking options in this market has been too easy... everything's been going up. Buy calls and you make money. My losing trade have all been puts... I have been way too heavy into puts which is why I no longer trust myself and am looking to an "expert." However, I don't make any trades just because Bernie says so... I believe (and this was originally Bill Hueb's idea) that if you take Bernie's picks and then filter them further using your own TA to pick the best of the best so to speak, and then only make those trades that abide by Bernie's rules (sometimes he doesn't follow his own rules) you'll probably do well. But I think Bill's trade rate is one every two-three months... I've bought 2 of Bernie's picks so far. One of them I made 18%. Only because I got into the trade and then realized that my TA had said it was a "bad" trade. So I dropped my sell target to match what I thought the highest price of the stock would be. Other was BAY puts... those have not done very well for me at all. shrug. -Mike

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