Excerpt from:  Public Comments For Critiqued/Reviewed Business Opportunities
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May 09, 2008

Steven Sarnoff's Trade Picks Are Slippery

Stay at home trader give some proof on the inaccuracy of Steve Sarnoff's picks
Category:   Investment Opportunities
About:   Steven Sarnoff - Options Hotline
Author:   Anon
Rating:   3 Stars (or Average)
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Review...

I agree that Steven Sarnoff's performance numbers are bogus. It might be possible to trade his picks profitably as I noted that he gets about 80% of his gains within 10 days of the trade and takes 80% of the losses after 10 days. But this is my own research of the limited number of picks I followed.

If you want to know what you are in for as for the midweek review of 1/10/08 then count the number of times 'nominal value' is used in conjunction with the picks. Some picks will double or more but these are typically hot picks and a number of times on these few big winners, my order could not be filled.

My account went from 48k to 10k in 6 months. It would have been worse if not for some outside good picks.

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Comments
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agreed

I had the same experience with Sarnoff's newsletter
I agree whole heartedly.  I had the same experience with
Sarnoff's trades.  I would word myself differently and say Sarnoff's numbers are completely bogus.  If you're paying for investment advice and 80% of the recomended buys are underwater it's just not good advice.
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