Red Flag Insider

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Goldbug
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Goldbug
September 4, 2009 12:24 pm
Red Flag Insider Editor: Andrew Gordon Publisher: Investor’s Daily Edge This editor claimed in his ad that he is 90% correct in choosing put options but as soon as I subscribed, he was 90% wrong. His method is to place puts on companies that cut dividends. As it turned out, investors and Wall ST traders don’t give a hoot whether a company cuts dividends or not. He has even upped the number of puts during this spring rally and I lost on 6 trades. He also held onto the one trade that actually doubled for so long that the other… Read more »
Goldbug
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Goldbug
September 8, 2009 12:24 pm

This post is my ratings as it didn’t register. See above for my review

Goldbug
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Goldbug
January 7, 2010 9:39 am
Thank the good lord that this service folded. This clown Andrew Gordon does not know how to trade options and have a tendency to buy and hold them until they expire. That is not how you trade options and I tried to minimize my losses by selling them a few weeks before they expired and above the fee. Sure the government rally took him by surprise but he should have sold out instead of waiting until they became worthless. He should stick to high dividend stocks which are easy to pick and where he will be 90% correct as he… Read more »
Goldbug
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Goldbug
February 18, 2010 2:19 pm

This (dis)service started up again in my package. It does seem like Andrew learned from his mistake last time he had this service open and this time he puts stop losses instead of letting the option becaome worthless (God, I HATE so-called gurus that do that!! I could name a few). However, this still does not regain my trust in Andrew as I have lost in his last six trades in a row. I only gave him an extra star only for his now use of stop losses.

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