Description
Edited by Adam Lass, uses charting to target options trades.
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Wavestrength Options Weekly is not for those with a light stomach. Adam Lass has an uncanny ability to pick winners but he will not tell his readers when to exit a trade, leaving the profit or loss to the individual’s own discretion. He has quite a following and his recommendations often have a pop on the day recommended due to the large number of orders placed with brokers. It seems as though few of his readers understand options and how a large number of purchasers can run the price up (and volatility) dramatically. I have found it best to pick… Read more »
I have been a VIP Taipan member for over a year, but only got access to US Options trading recently (late 08), since I am in Australia. I like WOW, and indeed, as Marco says, they do record the winners: at the top the trade has made. The top is often the buying pressure, and then the options start to slide. I also have an issue with the lack of advice as to when to exit a trade. When I check on the performance of the options, many make a continuous slide from a top. In fairness to Adam, he… Read more »
My total frustration with this service was that once you had taken their advice and bought options, you were basically abandoned to act on your own with no selling advice. They had all the information and charts and did nothing. They were probably consumed by the offer of 10 double digit or another free year offer, so they let everything run. Of course most option services with no end advice will have ten doublers out of fifty selections. I could probably do that on my own. I lost money as I could not afford to buy every selection and I… Read more »
Yossef, I did mention Clean Energy Fuels (CLNE) above, and it certainly also has some potential, and the company is likely to hit a profit a little earlier than Westport (though both have comparable valuations in some ways). Personally, I like the engine business better, in part because there is this one significant piece of business in the ports that has the potential to, by itself, enable Westport to reach profitability with this business in a few years. Both companies face potential competition once the business hits a scale that gets the attention of the larger companies in the sector,… Read more »
I have subscribed to this service for 2 years. I have liked the analysis of the picks but have always been frustrated by the lack of when to get out. I have found that the best way is to just set a target that I am comfortable with and when the option hits that target then take my profits and run.
I have subscribed off and on to this service for about 2 years and have had spotty results. I started with a $250 per quarter subscription for several quarters, then about $850 per year and cancelled within the trial period, and now a $325 offer from late last year. I keep trying because I like Adam’s writing style and investment intelligence and I feel that Brian Bottarelli’s option picks are reasonable. However, I have the same problem as others as to when to get out and have also set a goal of 50% gain or so and got out when… Read more »
Have been a subscriber for over 2 years. They brag about their winners, but neve hear anything about the losers. How can I get in on the winners when so much money is being lost on the losers. They’re a crapshoot. The best was their recent ad touting how much subscribers made on their UDN puts, when in fact they twice recommended UDN CALLS! Nice try, WOW.
hate to keep picking on this service, but here goes. Yes, he did pick a dandy a few weeks ago on the Lockheed Martin puts, but I lost so much money on his other recent call plays I didn’t have any free cash for the LMT play. Last week I took some of my profits from his winners so I could hop on his latest play (yesterday, March 3/09) whicj was to “buy the APOL August 70 puts at market. I did. Bought at 11.50, at 10:00 a.m., they’re down to 10.90, with a low of 10.44. Just another day… Read more »
I like this newsletter, and i appreciate the analysis. Things are explained clearly, and after a while the wise reader may decide whether or not to avail of a recommendation. I usually buy into about every third recommendation. What’s valuable for me is the underlying explanations of market forces which helsp me in other market strategies. For that alone, it’s worth the money. Timing is critical. As another reviewer mentions, your best bet is to set a price (percent) target and place a limit order to sell. Try for 25% and you’ll be happy more often than not. Recommended.
Anywhere is fine for questions — if you want a broader array of answers you can try posting them in the forum (stockgumshoe.com/forum). I haven’t seen Parabolic Options, but those who have commented on it when reviewing his other service, Trending 1-2-3, have not been kind: http://www.stockgumshoe.com/reviews/trending-123/
I subscribed for only one month and one month is long enough! His last 4 recommendation is 2 up and 2 down. The STOCK price moved (+) for his trade 5% and 6%, and against his trade 4% and 8%. A most recent one DIA put is ~ (-) 3%. Reviewing his open trades is even worse. The trades are losing ~ 200% (AIG puts –July ’09 recommendation) and 86% (SI puts – March 09), and that is for STOCK price movement against his recommended trades. Other losses are ~ 18%, 28%, 42% of stock price movements. Most of the… Read more »
Here’s a cut and paste from WOW (Wavelength Options Weekly) site directly. “In recent weeks, WaveStrength Options Weekly option contracts have allowed subscribers to leverage gains of 403% off Sears (SHLD: NYSE), 295% off FedEx (FDX:NYSE), 121% off Disney (DIS: NYSE) and 169% off Avery Dennison (AVY: NYSE).” See my previous entry – these numbers are false! I don’t know about AVY, I didn’t find it in the current nor achived portfolio, but could have looked past it. All my % price movements are based on stock price and not option price, but you can calculate or estimate the corresponding… Read more »
It just means that the shares are not listed on a US exchange (or sometimes any exchange) — the pink sheet system is a way of distributing pricing data for stocks that trade over the counter directly between brokers, without going through Nasdaq or NYSE or AMEX. In practice, it usually means either foreign companies that don’t want to meet US listing requirements or the additional expense or that don’t have sponsored ADRs, or very small companies that aren’t big enough, or don’t have good enough financials, to get an exchange listing. In this case, the primary trading of these… Read more »
Adam Lass and Brian Bottarelli are a couple of shady operators. As stated above, they show their picks with “maximum gains” as one would know when the exact top of your option is hit and exit at that time. I put in current prices of all of their open recommendations based on their stated entry price (which likely a great number of people could not get in at) and their current open picks are at -14%. Yet their own stated “maximum gains” average 89% (if you sold at the exact top of every pick). Their returns are an illusion and… Read more »
I agree. I also think the govt has let us down with the defense statements that cover mis leaders like this. This and most of the entities as such are hiding behind that cover, and helping many new investors to go broke, while they sit behind a desk, and figure how to legally scam their next victim. This should be illegal! Lies are just that, and should never be covered by any type of protection. PLUS I wonder if Warren Buffet would have really dropped his money here!
Best advice I have learned is set a stop and sell when it drops below it. Effect on overall portfolio is minimal i.e. 10 % drop on 10 % of portfolio is 1%. Keeps money to fight another day. 2nd is don’t just Buy and hold. Move your stops up as the stock goes up and take profits as it goes up. There is no profit until you sell. It is all on paper. Look at the recent oil plays in the Bakken to see what I mean. BYTW I use Vector Vest to help identify stocks and strategies and… Read more »
Reliably capturing the maximum gains requires perfect hindsight looking. Just about any trading system could produce fantastic gains operating in perfect hindsight. Some of the stocks touched their highest price only for few minutes – how would you know at this moment that this would be the highest price?
ANY service that calculates gains based on the highest price is a SCAM.
Which Stephen Leeb letter did you subscribe to and for how long? I have subscribed to his The Complete Investor for about 2 years and it has done pretty well. I’m not familiar with his AYR pick.
Of course, no one can be expected to get them all right.
If you don’t like any of the investment letters, then do you make your own picks?
Hey there, I subscribed to WOW back on June 15th, 2010. I’ve had mixed luck. My first trade (puts on AXP) was up about 30% when I got out, and my next 4 trades were all losers. I cut the first three quickly so kept my losses tight, but got into trouble when I let an XOM call run with a loss for too long, and then took a substantial loss after the pain was too much. Adam does not give an exit strategy, so when he brags about his winners you need to take them with a grain of… Read more »