optionsXpress has recently acquired Optionetics. No doubt for a healthy price. I can't figure out what their purpose was. 4Q
Optionetics has good (expensive) option analysis tools. Maybe OX will be providing them for free for account holders.
In a press release dated April 28, 2009 optionsXpress (NASDAQ stock symbol: OXPS) announced that it was a $20 Million all cash stock purchase. Optionetics is saying that they did the deal in order to be able to provide better services. These are the facts. Who'se facts do you accept? The Buyer's or the Seller's.
OE is or real. But they just bought a slimy firm. OE thinks they can convert customers into OE customers. Mark
This proves marketers make more money than traders. You just have to create a site that offer seminars, people a piece pay $5000 for, and you bring in the big bucks. Pretty sad, actually. Traders that make 20 million in their lifetime and visit elitetrader can be counted on one hand.
The incentive provisions could actually make this a good deal for everyone: Buyer, Seller, and Customers. If you're interested in seeing the text of the entire announcement look at: http://finance.yahoo.com/news/optionsXpress-Announces-bw-15052316.html?.v=1
Optionetics: http://www.ripoffreport.com/reports/0/245/RipOff0245463.htm http://www.reviewopedia.com/optionetics-review.htm (scroll down to view the customer review comments) Two days of training for only $2995! By the way, in addition to teaching the seminars, George Fontanills and Tom Gentile , "so called great traders" have EACH authored around 12 books since 2000. http://www.amazon.com/exec/obidos/s...ss&index=books&field-author=George Fontanills http://www.amazon.com/s/ref=nb_ss_b?url=search-alias=stripbooks&field-keywords=tom+gentile&x=0&y=0 HOW THE HELL DO THESE CLOWNS HAVE TIME TO TRADE?