written by reader Peak Velocity Newsletter

By leesal, March 21, 2017

Banyan Hill Publishing (James Dale Davidson, Paul Mampilly, J L Jastine among others) is promoting another newsletter … Peak Velocity…Allegedly a Michael Carr spent 10 years and $300,000 developing his software program that will give subscribers 2-3 recommendations per month of stocks ready to explode. The idea is to buy high and sell higher .. momentum plays. Carr tested his program with 7 beta testers … they made 1,191% profit in two months buying call options on recommended stocks. Now we get to subscribe for $2,995 provided we’re amongst the first 1,000 subscribers.

I almost went for it but had reservations when I learned the guarantee did not refund my dollars if not satisfied, but only gave me the option of applying the money to another Banyan Hill newsletter. Further, the service may have been great for 7 testers, but what will happen to those option premiums when 1,000 subscribers all place orders on the same options?

Ugh!!! Lee Salisbury

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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Ron H
Irregular
Ron H
August 15, 2017 1:07 pm

I’m using the option trading strategies that I learned from Peak and doing some trades on my own. I am sensing that the S&P 500 Index and Russell Small Cap Index could take a beating anytime between now and end of October (the traditional leery months). So buying Puts to open on the SPY and IWM might just work in a down market, then sell to close before expiration. Do your research, but Nov – Jan seem to be good expirations to work with. You can also look these up and see what the open interest is to get an idea of where the other institutional investors are putting their money. You do that on the trading system that you are using.

Also other potential gainers could be buying Calls on the GLD and SLV if you believe gold and silver are going to break through their resistance levels (1,300 and 18 respectively, which I do. Wish I could share what I am doing but prohibited by firm. Yep, and I could lose too. Nothing new. Good luck.

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