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19 Comments on "Geiger Index, The"
I tried the Geiger Index for three months. They claimed to have a mathematical formula that predicts stock movements.
During my three month trial in Mid 2009, only naked put shorts were recommended. These type of trades have a 97% success rate if they are 20-30% out of the money in an uptrending market. You have to put up $5000-$10,000 to make $500-$1000 in three months. This method can fail miserably if you are short puts in a down market.
They gave me a pro-rated refund without questions.
I did not find this a workable stock picking letter and came out after a few months without argument or difficulty. Position sizing and risk management is very difficult to impossible. The picks can be good, but beware the usual assumptions of linear performance and also the inference that annualISED performance equates to annual performance. To be honest it felt a bit like a succession of ideas along the lines of “this months good wheeze”. The technical requirements of the trades were not always to my cup of tea.
Recent ads have touted the great performance of picks (20 out of 20 correct!) but completely fail to mention that this is an almost 100% options (NOT stock) service. If you want to play with Put options give it a try, otherwise no thanks.
Joined this service a little more than a year ago, but couldn’t sell puts, so–naively–was always waiting for a straight call. Actually the service seems now to me to be more or less bogus. Because of the “low-ball” price expectations stated, which are then recalled after a few weeks/months, even if one does materialize it wouldn’t cover the cost of the service itself for me.
I subscribed in March 2009 and cancelled a few months later when I realized that a con game was going on.
Some of the small profit gets chewed up by the commissions, in fact, some profits are so small on some of the recommended “winning” trades that, after commissions, there is no profit!!
I have been in this service for four months it is a total waste of every one’s time and money yes he is up to 23 wins the last win gave me $8 yes eight Dollars. Without wasting anymore of your time this is a joke service.
So much for the Geiger Index and Keith Fitzgerald’s wrong Geiger prediction for Toyota stock. He told us to buy PUTS.
Keith Fitzgerald claimed that Toyota would fall based on his conviction that the expected law suits would cause the stock to fall—-Geiger or his ” logical deduction” based on the damaging effect of law suits?
So far that has not happened. What is happening is that the stock will still be up at expiration.
To try and “rectify” the situation, he then tries to “doctor” up the PUT making it complicated and cumbersome for the average investor.
This guy’s Geiger is crap.
Trying to get my refund 45day free trial but no one will p/u the fone or respond to my emails. If anyone has a suggestion please sound off. I am not an option trader and didn’t read it close enough to figure out what exactly I was getting into. My screw up but at the same time ANSWER the Frick’n fone. For me using a Trailing Stop or Bracketed Orders is the only way to grow my money. It allows me to provide a Measure of Contol and Safety! Ironworkers First Safety Always!!
I got out after the 45 days and could get my money back.
It was the only thing I got back. The puts on Toyota (see Penny ) were lost.
As there are only stars and not a zero I did’nt gave an appreciation.
6 x 0
Really I brought the100 cts @ around $3.00 July $70 puts around March 2010 when TM was above $80 and put a sell order at $70 just as Keith advised and made $40k-$50k it took about 5-6 months of patience but the reward was worth every penny- ps he had another stock short in the letter for those who did not understand options, after 20 out of 20 wins I becafe a lifetime member-best in trades, Bob
I also joined maybe without reading fully. They were very responsive when I told them I wanted to become a subscriber but now that I don’t understand option trading etc and have asked 4 times for a refund, nobody will return my call. They promised a 45 day trial with full refund if I wasn’t happy with the advice. Once they get your cash, you can forget ever seeing it. Don’t sign up unless you are certain. I give them six zeros. Not to be trusted.