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Microcap & Penny Stocks : ROLLING STOCKS

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To: Walter N. Schreiner who wrote (94)	10/24/1996 4:35:00 PM
From: Richard Reese	of 233

Dear Walter and other interested investors, To make everybodies life really easy and if you can't afford to pay for the expense to go to one of Wade's seminars I would highly suggest you buy his book for twenty bucks called Wall Street Money Machine. This will give you all the secrets that he reveals in his workshops. The techniques are sound and it's up to the investor to implement these strategies. His three main strategies are 1)buying either short or long term options on companies that have announed stock splits. Reason being a company that splits is doing relatively well and usually in a matter of time rises to its same price that it was before the split. 2)Writing covered calls and taking the small premium because only about 15% to 20% are called out...and if your money is going to sit there why not just take the small premium. And rolling options...find stocks that trade in the same level...try and find stocks trading under five dollars so you can get more volume. For instance, if a stock is trading in the range of four dollars to 4.75, then you would buy it at 4 and sell it at 4.75. If you stick with stocks under 5 bucks then you get more volume. Buy a thousand shares of XYZ at 4 and sell at 4.75...that is a profit of 750 dollars. In all of his strategies he suggest that one not get greedy. So if you buy options take the one, two dollar increase and cash in. It's only when one gets greedy that one loses. Take the small gains and with that you can build your empire so to speak. If you can go to the workshop it might be a good idea because he might have come up with new ideas since I went about two years ago, but I bought his book and it basically says the same thing as his seminar when I went. I actually do have WIN and it seems they are a little slow in updating there material but it gives you information on possible rolling stocks, stock splits, 20% to 40% returns on writing covered calls,and bottom fishing stocks. But if you do your own research which won't take longer than one hour to find possible stocks, then you would be much better. Wade's WIN service is just a bulletin board and he suggests that people do their own research. I would suggest the same because some of the companies he has put up on the board have gone down, but if you do your own research and implement his strategies then you will do just great. I hope this helps to all parties interested...if not write back and I will try and explain further.

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