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Non-Tech : Don Fishback's ODDS System -- Ignore unavailable to you. Want to Upgrade?

To: ccportfolio who wrote (41)	1/13/1999 10:49:00 AM
From: unixgeek	Read Replies (1) \| Respond to of 48

Not to be a pedant, but... Occasionally, I miss out on a meteoric rise... meteors don't rise; they fall. <grin> ObTopic: How do any of you ODDS users actually find the stocks you want to sell your credit spreads on? I bought the $80-some dollar book/video, and I understand the statistics, but it's geared more towards, "given this stock, here's a strategy that will win 90% of the time". If the premiums don't work out right though, it may not be worth it. How do you screen stocks/options for the candidates where the premiums are priced such that they ARE worth it?

To: ccportfolio who wrote (41)	1/15/1999 12:33:00 AM
From: Marty R	Read Replies (2) \| Respond to of 48

I've tried and am still attempting to use Wade Cook strategies. However, I had limited free capital when I started about 1 year ago and I unfortunately started out by focusing on stock price and premiums rather than using either fundamental or technical analysis to pick the stocks. Originally I found most of the selections I made off his website (W.I.N.). Which comes free as part of seminar enrollment. After free enrollment period they would then want to charge about $2000/yr (I think) to access the site. The stocks that they posted there were based mainly on price & premium parameters and I failed in my DD of the securities I chose. My fault. I jumped in too quickly before I'd learned the rules very well and learned a hard lesson. I think that he's got some decent strategies and used with proper stock selection can make money. I'd have to say that I'd always thought there had to be something like his 'meter drop' method that could be used in the stock market and W. Cook was the first one I've ever seen present something like it. It really makes sense that if you can make just 3, 4, or 5% (or more) on a monthly basis your APR can beat the market averages. However, my experience with his seminar was that it's overpriced and all you need are the books, some research and perhaps a good technical tool. marty