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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: larry who wrote (2200)	2/3/1998 6:59:00 PM
From: Lazlo Pierce	Read Replies (2) \| Respond to of 18691

Larry<< However, I am following Wade Cook's method and in less than 8 months I am doing extremely well. I believe that the #1 issue in investment is that you stick to your own rules. I am getting a bit greedy. I expect a 1000% return this year and am close to half way near my goal. All I need to do for the rest of the year is to double my current portofolio and I believe that I can achieve that by picking good, solid stocks and alternating covered call writing and mometum play. However, my goal will be substantially lower beginning next year. I just wish by then I will have a 50-80% yearly growth rate of my portfolio.>> ********************** Good Luck to both you and all Wade Cook disciples! You'll need it eventually Dave

To: larry who wrote (2200)	2/3/1998 9:08:00 PM
From: McNabb Brothers	Respond to of 18691

larry, Be very careful with Wade Cook's recommendations, for he is a seller of books and seminars and that is how he has made his money! Let me ask you a question, if he had a sure way to make money in the markets as he says he does why would he tell everybody how to do it? If it works and everyone did it it would no longer work for everyone would be rich! I have two friends that have paid to go hear him and his company and one has lost everything they put in the market and I do not hear anything about the other ones trading which tells me he is not doing very well! I would really like to see your trades that you have made so much on, and if you do not mind letting us know what they were! Hank

To: larry who wrote (2200)	2/4/1998 1:37:00 AM
From: Humblefrank	Read Replies (3) \| Respond to of 18691

There was a short article in the New York Times so many months back about Wade Cook. He doesn't trade at all. He's also under investigation by Federal Authorities. I will say it again. On the third Friday of every months the market returns to the "option center". This is the point where the calls and puts are equal on the S&P 500 in particular. If you look at the last six months the market goes up then down and up and down, but if you draw a line through all the third Fridays of each month it is nearly straight! I don't care if everybody knows this because the hardest thing to do is sell when everything looks great and buy when it looks terrible. That is exactly what you need to do to trade of this trend. The trend will continue until people get tired of options which is likely to happen when the market makes a giant peak and then collapses. This massive use of options is creating a climate which could lead to a crash. I believe Wade Cook is big on call options in particular. The reason the market returns to the option center is not manipulation. It is because there has been very little "investing" over the last six months. The money is flowing in and out and short of the S&P 500 index in particular.