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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Dave O. who wrote (90381)1/28/2005 1:08:37 PM
From: olivier asser  Read Replies (2) of 122087
 
IF TP intended members to use their own judgment in exiting a call then why would TP make this recommendation?

09:42:04 [Merlin] <w>URGENT: All Traders Consider Take Some Profits: ISLD
09:42:05 [Merlin] <w>URGENT: All Traders Consider Take Some Profits: ISLD
09:42:06 [Merlin] <w>URGENT: All Traders Consider Take Some Profits: ISLD

TP made both entry and exit calls, hundreds every day. That's why TP was paid $500 a month by hundreds of members, for the TP calls, which on the subscription page TP claimed were "94% accurate" and made by "NASDAQ market specialists" with "60 years of experience."

Why don't you explain why anyone would pay $500/month to an investment adviser in order to ignore the calls? Your argument makes no sense, and remember the TokyoJoe court explicitly rejected it, an important precedent, holding that a site like TJ's is under the law to be regarded as an investment adviser. (Relevant text follows in the next post.)

For people who who are inexperienced, unable or unwilling to find their own trades, the above is good advice Ollie. In fact it's good advice for experienced traders as well. Stop losses are a way for people to exit trades before they get decimated.
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