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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 half I didn’t take off the table became worthless and I ended up with nothing. Andrew Gordon is a fundamental trader and not a technical trader. He doesn’t use graphs or tools and just goes by dividend cuts. This guy placed puts on the strongest companies that never go down like Ingersall-Rand, Sony, Morgan Stanley, and Toyota, all of which went up during the rally and didn’t go down much during the downfall. This guy is a total fake and I wouldn’t follow his advice. He also doesn’t use stop losses also so I lost ALL of my money on these bad put trades!! That’s a total of $4000 I lost and $0 gained on his 2 “good” trades that he failed to cash the second half on and let expire which is a put against Masco Corp and Autolive. This would have been a gain had he put stop losses of at least 50%.
Andrew still beats the drum that the markets will go down in this recession with no flexibility in his opinion.

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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
Guest
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 claimed in his ad.

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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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