hi, anyone have experience or knowledge of the strategy offered at http://options-intelligence.com/index.htm? i'm thinking about purchasing their options strategy, but want to gather some info on it first. all comments/advice would be appreciated. thanks in advance.
"Twenty-five percent month in and month out adds up over time. " All for $499. Looks like a no-brainer to me
I'll go way out on a limb and suggest that their claims are BS. It's another Barnum and Bailey sucker play and they are waiting for the next one to come along. g
First clue of danger - no contact information such as an address or phone number. Second clue - they apparently do not respond to e-mails, as I was also curious about their claims. Third clue - payment is handled by a third party. So no trace to the site owners. Fourth clue - web site was developed by a college student. Get the picture? There was a single time in my trading career when I fell for a web pitch, and only because they seemed sincere about refunding my money if not satisfied, which they eventually did. It was a site promoting what seemed to be a logical strategy of buying stocks that were slotted to join major indexes, such as S&P, Wilshire, etc. But when I received the material, these buttheads had based all their calculations on buying a stock at the LOW of one day, and selling at the HIGH of the following day, without any clue as to how define the high or a low on those particular days. That was the source of their backtested claims! When I politely pointed out that their claims were either stupid or fraudulent, or both, at least they refunded my money. But one can't always count on that.
to all: thanks for all your responses. btw, found out that the options strategy mentioned has something to do with open interest and volume. to lindq: thanks for the heads-up. also, i believe the web pitch you fell for is called The Index Adjustment System http://www.stockstrategy.net/
Yes, that was it. The Index Adjustment System. I notice that they are still selling their crap on the web, long after I reported them to the FTC. So much for our taxes at work.
Seems it is very easy to get around whatever laws there are. Look at Indigo. A complete scam and all they ever got was a very light slap on the wrist. Had to put up a whimpy disclaimer. Buyer beware. g