Geiger Index, The

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19 Comments on "Geiger Index, The"

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Goldbug
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Goldbug
September 6, 2009 12:35 am
The Geiger Index Editor: Keith Fitgerald Publisher: Oxford Club Type: Options both naked and covered This is the editor’s best newsletter as he is 100% correct. I joined this service as part of a package deal from the $8K Oxford club society back in May. I followed his trades and without fail made some money. I did however needed to have $20K in cash to place naked puts and calls because the discount online broker required it so that was the only catch. Also to cover these trades, you had to put aside the price of the stock as collateral… Read more »
Peter
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Peter
September 6, 2009 11:03 pm
I just want to add a quick rejoinder to the previous post about The Geiger Index. I was a subscriber too of that service, but in spite of a 12 out of 12 record, I quit. Why? The strategy used is writing far out of the money naked puts. I do like this strategy and use it myself, but be aware that this strategy is notorious for working well almost all of the time, until a “tail event” happens and you lose your shirt. Many respected writers on options (McMillan and Natenberg for instance) recommend against this strategy. I’m not… Read more »
Laura
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Laura
September 24, 2009 4:34 pm
I have mixed feelings about this service. On the one hand, it’s true that he hasn’t had a losing trade yet, but on the other, the wins are relatively small. I recently heard naked put writing as being akin to standing in front of a freight train to pick up pennies. As Peter said above, making these kinds of returns is nothing special, and I also use the strategy on my own. Most of the time I make money with it, but I’ve been hit hard on more than one occasion (not with the Geiger service I should clarify) when… Read more »
Goldbug
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Goldbug
September 25, 2009 8:15 am
Laura, if you have the Oxford Club Lifetime Deal, this would be worth it because it does take a lifetime to make money with this service. It is not worth the money for a limited membership because the returns don’t make up the cost of the service. If I had to pay year by year, I would change my Value for the money rank to 1 but I got this as part of the Oxford club’s lifetime deal so I gave it a 5. What you said was correct about my returns though, I had to pump thousands as collateral… Read more »
Bob
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Bob
October 13, 2009 11:08 pm
The advertising for this newsletter reaches heretofore unattained levels of hype: “RJ-RF=alpha_j+Β_j(E(RM)-RF)+e_j Dear Reader, Gibberish… That’s what the string of numbers, letters, and symbols above looks like to most people. Of course, the entire code fills 7 pages of 8-point type 2,787 characters in all… But in the right hands, this code can predict the movements of entire markets – or any one stock – 30, 45, 90 days – even two years – in advance. Down to the penny! I don’t expect you to believe me – at least not yet – but consider this: When I demonstrated the… Read more »
Fritzie
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October 24, 2009 11:40 am

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.

Dave
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Dave
January 1, 2010 12:56 pm

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.

GaryC
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GaryC
January 5, 2010 5:10 pm

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.

locan.BBS
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January 21, 2010 1:30 am

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.

Dale
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Dale
January 29, 2010 10:02 am

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!!

Dalmagus
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Dalmagus
February 9, 2010 2:07 pm
Nothing but using a name of a German Scientist, Hans Geiger (http://en.wikipedia.org/wiki/Hans_Geiger). The service is nothing more than looking at the Delta of an option, go down to the low end (-.10 or less for put options) and sell a naked put. Of course 90% of the time one can “accurately” predict where the stock price WILL NOT be. However, if one on average makes 3% BEFORE commissions per trade, then one will need only one loss of 21% to wipe out 8 (after commissions) successful trades. To have so much risk to gain 3% is foolish. As I write… Read more »
Blah
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Blah
April 28, 2010 2:27 pm
A lot of work AND RISK for a potentially small gain each time. The cumulative return they boast is based on a very tight profit margin, which is not realistic. The trades are often complicated, and I have seen them make mistakes in their instructions, only to send you an update – which is costly since by then you have already eneted the trade (and I am pretty certain they don’t factor that into their supposedly stupendous results). The risk/reward ratio is just NOT worth it. Also, they provide something lame like a 45 day money back guarantee, and it… Read more »
Andy houston
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Andy houston
April 30, 2010 5:46 am

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.

Penny
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Penny
May 2, 2010 8:56 am

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.

Dalmagus
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Dalmagus
January 10, 2011 1:07 pm
As I wrote in my Feb 2010 comments, all one has to do is choose a low delta and sell the put at that expiration. Pretty much all online brokers will have that information LIVE on their systems. For example, take IBM: It is trading at $147.80 as I write this on Jan 10, 2011. Go to the Feb 2011 month (or any month you choose), look up on the PUT side the deltas until you get to 10-15. In IBM case, for Feb 2011 the 135 put strike has a delta of -.12 (negative for puts, positive for calls)… Read more »
IronWorker - Paddy
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IronWorker - Paddy
March 5, 2011 2:14 am

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!!

bony
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March 8, 2011 10:28 am

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

trebads
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trebads
October 6, 2011 7:44 pm

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

perrala
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perrala
April 7, 2012 12:54 am

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.

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