I don't think he did well because of the bull market (he also did very well in 2004-2005). He's an incredible trader there is no doubt in my mind. The only thing that happened is that he got super-rich and doesn't care about his newsletter anymore. Thanksfully there are others with similar styles that took his place. What he should do to retain his self-respect is to shut down his site not because he is not good enough, he is, but rather, because he will not give his newsletter the time it needs. I'd still give him money to invest in a heartbeat if he accepted it. I think he's a great trader, he's just turned into a lousy/lazy newsletter writer for the last year or two.... but then when you're sitting on 40 mil, why would you even bother spitting out a newsletter every night for 200 people.... just not worth it in my opinion. As per trading -- he's probably one of the best traders in the last 20 years. Again, this doesn't mean anything in terms of his newsletter, but you cannot equate the two.
I came back to this thread because I am honorable. Zanger nailed RIM. He recommended it at $70 or $72.
I'm sure there are many he recommended that didn't behave as expected. Also, don't forget it has been a bull market. Not taking credit away from this guy but if there is a holy grail newsletter out there I have not seen it, and I have seen Zanders.
You can read a lot of Dan Zanger's articles and tips here - free: http://www.mrswing.com/articles/author/Dan_Zanger/page/1
A good short pick from Dan Zanger: http://www.mrswing.com/articles/EBAY_-_SHORT_Earnings_Growth_is_Decelerating_Rapid_789.html
I had never heard about Dan Zanger until now. Having looked at his website: http://www.mrswing.com/beans/dan/index.html I gotta say he is the real deal. A genuine guy, has good credentials, and is very straightforward and I don't feel he's trying to rip people off. His top 10 trading rules and how the market works was a really good read.
Here is his website: http://www.chartpattern.com/cf/index.cfm And here is an article about his trading: http://www.investopedia.com/articles/trading/04/082504.asp
The Holy Grail to Investing. Developed multiple arbitrages for the financial markets. Arbitrages that produce just a few percent a year, to arbitrages that produce over 30 percent a year. In 2001 i started developing, as of now, a dozen arbitrages. I lock in an X percentage, and Y time later, i close out the arbitrage. Over 30%/yr. Risk-Free Investing is not only possible, but in abundance. Just that people are told and taught that it is impossible. No risk has been in front of all, but not seen. The market is unlimited. The Ultimate business solution that can be offered. Say one can guarantee a return on investment of 40% a year, then a business could offer their product or service for free. Lets say i had a solar company, and that company offers Alternative energy to both private and business sector's, then we end up with an interesting business solution. Well, if i have a cost of $10,000 to install a solar system on a building, and able to sell the install for $20,000, i have $10,000 to invest(40% a year). The purchaser then finances the install over a period of time. I just keep investing the profit till the end of the payment schedule. Thus, the buyer never makes a payment, and gets the product at no cost. Thomas Adair thomasadair@hotmail.com
Thanks Wittgenstein. Lots of useful information on his site about trading. It is rare to see such useful info on a site that is selling a product, which impressed me.