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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: Tanner who wrote (2361)	4/15/1999 6:31:00 PM
From: William W. Dwyer, Jr.	Respond to of 3216

Hi, Tanner Regarding the advisory/newsletter "Right Line Split Report," I hear what you're saying. I am always suspicious of newsletters and pretty much anyone who wants to sell me info. Lots of those folks around. And you probably know how I feel about all the nice folks peddling their seminars, videotapes, half-baked software, books, newsletters, etc, etc, etc. So, I was not expecting much from Right Line. However, for the first time in quite a while, I was pleasantly surprised. I've had lots of newsletter subscriptions and advisory services. In fact, sometimes it seems like I spend about 25 hours each day reading stuff, preparing for the next day. Often, I'm exhausted and more confused after reading everything each day. Don't be misled by the fact that Right Line's website isn't particularly spectacular. In a way, I kinda like that. Makes me feel it's a small operation rather than a bunch of computers and guru's talking at me with a flashy and complex home page. Right Line's website is functional and easy to read, has just enough info to get you interested, get you started. The real service comes in their weekly newsletter and several updates during the week. They offer a two-week free trial subscription and I'm still in that right now. Right Line Split Report was brought to my attention recently by another S.I. member that I met during that trading seminar in New Hampshire a while back. I am extremely impressed with the newsletter and definitely intend to start a full subscription. Here's what it's like: On Sunday they send out a very exhaustive newsletter, probably 15-20 pages or so, so large that it comes in three separate emails. There is general market commentary (and very good in depth analysis), and detailed write-ups about specific stocks they are following, stocks expected to announce splits soon (split candidates), stocks that announced splits recently, and stocks that are splitting now. They give an analysis of each stock, suggested entry and exit points, stop losses, and lots of good info, including earnings forecasts and announcement dates, almost everything one needs to know about the stocks. Their deal is that these are the stocks that are moving now, having good earnings, having a reason to move. I looked at the charts of all their stocks and they all looked extremely good. One could easily have made 20% -100% or more in a few weeks to a couple of months on most of the trades. I was very impressed. And good quality stocks, too, stuff you can take home and sleep good holding. This is not pure daytrading. No, I think pure SOES-type hit-and-run daytrading is a losing proposition. In fact, I think it's stupid, and I don't mean to offend anyone who happens to be successful at it. I think that kind of trading is like playing Russian roulette. Play it long enough and guess what happens. Anyway, the Right Line sends out complete summaries and analyses of their recommendations several times during the week, allows you to see the progress of the stocks, what's changed in the market, what's expected to happen, what to do if it doesn't. The good thing is that you learn about the market in general, about good companies and good stocks, and you trade positions over a longer time span, reducing commissions drastically, having time to watch the market, watch your trades, manage everything without worrying about getting an instant execution, worrying about order routing or high speed data lines and ISP's, all that stuff. These trades take a few days to a few weeks. Most of them could be made with a telephone broker. So if your PC goes down for a few minutes, you don't lose thousands of dollars. I like that. I guess I've hyped this thing too much already. But if you're interested in finding what I consider a more sensible way to trade, I suggest you sign up for their two-week trial subscription, see the reports, determine if that stuff fits your own style. Personally, I could read their reports and very little else, saving myself a ton of time and stress. This type of trading makes a lot more sense to me than following the latest hot tip being circulated through the various daytrading chatrooms. I've seen too many good people get killed mercilessly doing that sort of thing. Too damn many. I hope I've covered what you were interested in hearing. Good luck, Bill