How To Write Covered Calls - An Ongoing Real Case Study! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Linda Kaplan who wrote (6148)	1/16/1998 1:54:00 AM
From: Gordon Quickstad	Read Replies (1) of 14162

I happened to be looking back to the Dec. 16th time frame and noticed your comment about the AIM system. I read the book a couple of years ago and was extremely wary of the system after reading about it. The book shows several senarios based on hypothetical investments with historical data. Page 106-115 shows a ten year study (1965-75) where he grows 10,000 into 14,459 using the NYSE Index . An average 7.2% would have given him 20,000. He got 3.7% with AIM and didn't take into account commissions. In the book he also shows growing 10,000 into 1,000,000 in 8 years with a totally ficticious (he admits) senario where the account triples in the last 15 months and doubles in the last 3 months with his canned ficticious data. He (Lichello) also admits that he has not made a 1,000,000 off his AIM in the stock market (the title of the book is "How to Make 1,000,000 in the Stock Market Automatically!"). I'm not just bad mouthing the idea, but am cautioning people to be careful with this scheme. Lichello constantly tinkers with the formula in the book and his last tinkering (Chapter 16) isn't "tested" in the book.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next