Mark Schultz????
Sure been awhile since I've posted. But I couldn't pass up the chance to send along some info. The post I'm responding to is news of the SEC suing Mark Schultz.
I now trade stock & OEX options. So a friend sent me this website to look over:
tradersprophet.com
The wording on the opening page sure looked familiar. Ya see I've been getting email from Schultz for over 4 yrs. And they never stopped coming until recently. Last one was on 8/3/01. I thought finally he went away. But comparing the email to the website. I guess I was wrong.
Below you'll find the email and the opening page to the website. Anything look similar to you?
Just when you thought it was safe to go back into the investing water........
DA DUM DA DUM...DUN DUN DUN DUN DUN
Don't be Good
The Good Die Young........The Boogieman
*************Parts from the email
08-Subj: 08-03-01 SHORT TERM TRADER
Date: 8/3/01 7:03:31 AM Eastern Daylight Time
From: mschultz@mercuryin.es (Mark Schultz)
Reply-to: mschultz@mercuryin.es
To: mschultz@mercuryin.es (FREE SERVICE)
08-03-01
The TRADERS FAXLINE is our premium service that has been around since 1990. It is a twice a day email recommending stocks in the $10-$100 range, stock options and OEX options. The trades are typically 1-5 days and we are look for a 2-5 point profit. You have seen the results from that service reported here in the SHORT TERM TRADER. If you trade the more expensive stocks, stock options and OEX options, TRADERS FAXLINE is the service for you.
We use $20,000 in trading capital for each OEX trade. Each point is worth $1,000.
Try our TRADERS FAXLINE service, which is 1-5 day trades of stocks $10-$100 and OEX options. 95% of the stocks we recommend have options which can be played for $3-10 or $300-$1,000 per option contract. It is a good way to play larger cap stocks with a limited amount of cash. You
need to be where the action is. For 10 years we have been delivering 75-90+% winning trades on a weekly basis. Email us for subscription rates on TRADERS FAXLINE which is a twice a day email. TRADERS FAXLINE is a completly separate service. We just report the results here on a daily
basis.
WE ARE OFFERING A 2 WEEK FREE TRIAL OF OUR PREMIUM SERVICE TRADERS FAXLINE TO THOSE WHO DO TRADE BIG CAP STOCKS. IT IS A TWICE A DAY EMAIL UPDATE.
THOSE OF YOU WHO TRADE LARGER STOCKS OR OPTIONS, MAY WANT TO SUBSCRIBE TO THE TRADERS FAXLINE OUR PREMIUM SERVICE FOR STOCKS $10-$100+, STOCK
OPTIONS AND OEX OPTIONS.
*************Opening page from the website
ABOUT TRADERS PROPHET
The TRADERS PROPHET is a short term trading service that was created for traders of stocks, stock options and OEX (S&P 100) options.
We use technical anaylsis to generate the buy and sell signals and follow the trades to completion with trailing stops to keep the losses to a minimum. We target trades for 2-5 points that last for anywhere from 1-5 days. Over 90% of the stocks we recommend have stock options, which give traders that extra leverage that traders are always looking for.
The stock options that we trade are in the money (ie. if the stock is $58 we will buy the $50 Calls) and since the trades are very short term, we buy the current month's options. That way we avoid the higher option premiums
that the further out months have.
The TRADERS PROPHET has delivered consistant winning trades to subscribers since 1990.
We have gained quite a reputation for our OEX option trading over the last 5 years. About 30% of our subscribers take the service just for the OEX trades. The signals given for OEX trading are based on DJIA numbers and uses the S&P 500 futures and the Tick as conformation of the signals. We normally deliver over 80% winning trades on the OEX trades
and have never had a losing week. We have recently instituted coverage of the OEX trades using a mere $20,000 in trading capital. This brings the OEX trades into the realm of almost all traders. Traders with more trading capital can trade in multiples of our basic $20,000 trade. Like the stock options, we try to stay in or at the money with our option trades. Since the options become cheaper as option expiration gets closer, we increase the number of options to buy.
Therefore if we are trading options at $20, we would buy 10 options. At $10 we would buy 20 options. At $8 we would buy 25 options and so on. Each trade uses around $20,000 in trading capital. With these trades of $20,000 at a time, we have generated returns of 25-200% per week for our subscribers.
The OEX trades can be an sole trading vehicle for the more speculative trader or a very profitable addition to the trading of stocks and/or stock options. |
