Investment Services

jennynchuck

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I need to know if any members had any experience w/the following services:

l-Stock Fetcher or any other site that provides stocks to invest in

2- Options Hotline by Steven Sarnoff. Sales literature portrays a remarkable record!:?:
 
Hello there. I don't know anything about Stock Fetcher but I do know about Options Hotline by Steven Sarnoff.

I qualify to say about Sarnoff because I was a subscriber to his option picks. I have nothing personal against Sarnoff and what I am going to tell you is just my experience with his stock picks and you decide whether to subscribe or not.

I subscribed in the first place was because I believed his remarkable performances on his website. When I actually did subscribe most of them lost money and I cancelled after 3 months. One of options lost money but on his published results on that same option he claimed to have made 67%. I asked myself how was it possible.

When I researched into it, I found that he manipulated his results by using the highest swing in price of his options from the lowest price to the highest and claim that is what you would get. And the lowest price in the price swing is usually not the entry price he recommended. So the impressive results are calculated based on this and not on his actual entry prices. He didn't tell his naive subscribers like myself when to exit. Now any novice can do what he's doing and publish the highest swing result and give an outstanding results in performance.

My advice to you and to anyone out there who is about to be tricked by Sarnoff is save your money and don't subscribe to this deceptive service. Feel free to join any forum like this one and you will find the ones that do have info on Sarnoff, the majority are disappointed by him.

To profit from options, we need to treat it as a business and learn all the tricks of the trade from reliable sources and trade them using our knowledge and not on those self proclaimed gurus out there who claim they can make you rich by following his option picks for a fee. I fall into these gurus' deception twice and Sarnoff was my 2nd.

All the best.
 
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