Excerpt from: Public Comments For Critiqued/Reviewed Business Opportunities
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| March 20, 2008 | | Ex-Steve Sarnoff subscriber looks closely at trades and sees many failures | | Review...
I subscribed to Steve Sarnoff Options Hotline three years ago because I believed his published trade performance. After following his recommendations for 3 months I quickly opted out because most of the options he recommended lost money.
He manipulated his trade recommendations performance by subtracting the highest possible selling price for the options he recommended from the lowest possible buying price with the benefit of hindsight. Without hindsight benefit those impressive percentage performance he claimed is not possible.
I realized this when the options I bought lost money but on his publication he claimed it made a return of 67%! This 67% return is only possible if we are prophetic enough to go in when the price was at its lowest point and sell at its highest price. Unfortunately this would only be possible when the trade is over. | | |
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