What I actually said 8 months ago was "If there is any interest I can post the results here."
There was no interest as you can see, therefore I did not post further.A few guys sent me emails asking about the service, and I sent the reply that I will now post here.
As Bogan7 points out, I am a low poster and do not spend that much time on any forum and am therefore a little uncertain as to the correct etiquette.
My reply was as follows:-
"I tried the service for 3 weeks and did not become a full subscriber.
>
> The claims made in the extensive advertising are very tempting, but for
> me, totally unachievable. $300 a month for the service I also felt was
> vastly overpriced.
>
> I papertraded the recommendations from his chat room using the Thinkorswim
> platform that I use for my real time stock/option trading and I found that
> one big problem was that the stocks recommended were often highly illiquid
> and extremely volatile. The slippage on these stocks can be huge, and when
> you are only looking for a 1% move, there can be a 1% slippage entry, and
> 1% slippage exiting so Manny will be posting a nice winner, but in reality
> there was a loss in real times, sometimes up to 5%. This happened several
> times.
>
> There were times when I actually wondered if Manny was really trading his account, or just calling out trades.
>
> Another area that I did not like was that during the three weeks he was
> recomending shorting stocks that were not available for borrowing with my
> broker and claiming winning trades for his record.
>
> The trade recommendations are nicely vague. "I'me looking to sell XX
> around $25.00" and seconds later he posts " I sold at $24.80" and the
> market is now trading $24.50.
>
> The performance claims, to me, are simply unachievable and in the private
> chat
> room this is confirmed by many of the participants that I chatted with. If
> the 1% a day was achievable I would borrow against my house and trade the
> recommendations in massive size, also impossible given the illiquidity of
> the stocks.
>
> There were about 60 in the chat room, of which I guess at least a quarter
> were on trials. Pure guess, but that leaves 45 guys paying $300 a mnth
> which is not a bad income stream for anyone. The massive advertising will
> ensure a constant stream of new players when the old ones get burnt out.
>
> I hope my views have been of help."
>
I hope that this establishes my credentials that I am not a shill!
There was no interest as you can see, therefore I did not post further.A few guys sent me emails asking about the service, and I sent the reply that I will now post here.
As Bogan7 points out, I am a low poster and do not spend that much time on any forum and am therefore a little uncertain as to the correct etiquette.
My reply was as follows:-
"I tried the service for 3 weeks and did not become a full subscriber.
>
> The claims made in the extensive advertising are very tempting, but for
> me, totally unachievable. $300 a month for the service I also felt was
> vastly overpriced.
>
> I papertraded the recommendations from his chat room using the Thinkorswim
> platform that I use for my real time stock/option trading and I found that
> one big problem was that the stocks recommended were often highly illiquid
> and extremely volatile. The slippage on these stocks can be huge, and when
> you are only looking for a 1% move, there can be a 1% slippage entry, and
> 1% slippage exiting so Manny will be posting a nice winner, but in reality
> there was a loss in real times, sometimes up to 5%. This happened several
> times.
>
> There were times when I actually wondered if Manny was really trading his account, or just calling out trades.
>
> Another area that I did not like was that during the three weeks he was
> recomending shorting stocks that were not available for borrowing with my
> broker and claiming winning trades for his record.
>
> The trade recommendations are nicely vague. "I'me looking to sell XX
> around $25.00" and seconds later he posts " I sold at $24.80" and the
> market is now trading $24.50.
>
> The performance claims, to me, are simply unachievable and in the private
> chat
> room this is confirmed by many of the participants that I chatted with. If
> the 1% a day was achievable I would borrow against my house and trade the
> recommendations in massive size, also impossible given the illiquidity of
> the stocks.
>
> There were about 60 in the chat room, of which I guess at least a quarter
> were on trials. Pure guess, but that leaves 45 guys paying $300 a mnth
> which is not a bad income stream for anyone. The massive advertising will
> ensure a constant stream of new players when the old ones get burnt out.
>
> I hope my views have been of help."
>
I hope that this establishes my credentials that I am not a shill!