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Exactly right. You can see MANY stocks that close significantly up from the
open. The problem is how would you trade after buying their recommendation and
seeing the stock DECLINE 5%, 10%, or more? Most people would probably sell to
limit their losses, only to see the stock close up. The track record would of
course not reflect this and would only show a ver y profitable recommendation.
IMO, if you believe that any services can reliably, consistently offer good
recommendations, is to look at each of their recommendations on a 5 or 10 minute
chart and see how YOU would have traded. Would you have hung on through a big
drawdown?
In summary, Joseph E. is correct, be very suspicious of any claims like this.
Mike
"Schedlbauer, Joseph E." wrote:
> Just reading their site should make you suspicious of the claims. The
> historical gains they site are based on buying on the open and exiting at
> the high of the day. They leave out the part about how to identify the high
> of the day! Anyone could do that. It's worthless.
>
> -----Original Message-----
> From: Ullrich Fischer [mailto:uf@xxxxxxxxxxxxxxxxxxx]
> Sent: Wednesday, August 02, 2000 5:31 PM
> To: omega-list@xxxxxxxxxx; metastock@xxxxxxxxxxxxx
> Subject: http://www.dayforce.com/default.cfm?ref=traderdirections
>
> Has anyone tried these guys? It sounds too good to be true, so it probably
> is. I heard about it from a spam email and sure enough, there is a site
> there, but unless I hear from someone for whom this has paid off, I'm a tad
> suspicious. -uf
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