To: David in Ontario who wrote (6 ) 2/10/1999 3:18:00 AM From: Jim DiFalco Read Replies (3) | Respond to of 42
David, Cost is $3000.00, Cisco should be an easy one for huge gains. Some of the portfolio's will fool you tho. Some are simply better as buy and hold rather than trade. Like Dell, possibly Cisco. If you just called they will get right back with you likely tommorrow at the latest day after. If your really interested ask them for a couple of current customers you can call. Life time technical support free. They answer the phone, no waits, nice people to deal with. I'm trading an MSX (momentum) porfolio in Lycos and was closed out of a short position last night. And of course it went down over 30 points today. On the other hand I closed out a short position in Mindspring today for a nice profit. ($1500+ per 100 shares) so I can't really cry to hard. Oh yes I think I was in that trade 4 days. Does it work? Yes! Like everything else not everytime. It does gain far more than it looses. It's impossible for any program of this type to deal on a short term basis with news announcements and some of the fast whip lashes in the indexes. I have to say that the returns on the internet stocks have been phenomenal. The momentum portfolio's trade both sides of the market so you can make profit's in both direction's. For more conservative investors there are other style portfolio's. For the ultra conservative investor you can find some porfolio's with 50%+ yearly returns with a maximum drawdown of 5-6%. Not bad in anybodies book that I know. Only thing you have to remember is none of the projections the program gives you take into account the effect of taxes. I don't think that really becomes a problem. At least not so far. Oh, about the cost, it only takes a short time to pay for the program. The program does all the work for you. There is no technical analysis needed on your part, all you do is decide what risk level you can deal with and choose the portfolio's accordingly. You download the data,update your signals, print out your orders and execute them as instructed. Jim