Couple mos. ago I picked up a friend who also trades at his hotel near the L.A. airport . Sammy Chua was giving a seminar , we had time and went in. It was 6:00 am and there was standing room only. I was shocked to count over 200 people, some were obviously dressed for work , most not. He was giving three two hr. seminars that day. No idea how well attended the other two were. They were all live trading during mkt hrs.
I'm an advertising/marketing guy and a veteran of dog and pony shows. I'll go to these just to see how they pkg. them. Went to a Wade Cook seminar once.
It was a very slick presentation. Slick, glib sales guy rattling on as Sammy sat at his laptop with a screen behind him displaying his page layuot Think he was using cybertrade. Top of page had three small charts, 3 min. spoos, nazdogs, stk. symbol, all in line . Next were a couple charts of his target stk. and then the indices., Next window was his private chat room supposedly comprised of paying people who had taken his courses. The type style was bold and maybe 10 lines were visible as the page scrolled by. This was the subliminal sales tool. As Sammy rambled around looking for a play things would scroll by in the window like, "took EMLX for 1 1/2 "or "out NVDA for 1" Never were entries stated. These were only intermittantly mentioned by Slick. Sammy , who never found even one play, answered stupid questions and pretended to barely notice George and Ralpie in the chatroom knocking off 3-5k. This went on for an hr, then coffee break . A woman was lamenting to another about taking Wade Cook classes for 8k and people were all over the product display table talking to sales guys. The tapes, classes etc. were $4,500- $10,000. We had a plane to catch, George and Ralphie no doubt were up a 100k buy days end and Sammy was on his way to N.Y. for three more seminars. I remain continually amazed.
I'm an advertising/marketing guy and a veteran of dog and pony shows. I'll go to these just to see how they pkg. them. Went to a Wade Cook seminar once.
It was a very slick presentation. Slick, glib sales guy rattling on as Sammy sat at his laptop with a screen behind him displaying his page layuot Think he was using cybertrade. Top of page had three small charts, 3 min. spoos, nazdogs, stk. symbol, all in line . Next were a couple charts of his target stk. and then the indices., Next window was his private chat room supposedly comprised of paying people who had taken his courses. The type style was bold and maybe 10 lines were visible as the page scrolled by. This was the subliminal sales tool. As Sammy rambled around looking for a play things would scroll by in the window like, "took EMLX for 1 1/2 "or "out NVDA for 1" Never were entries stated. These were only intermittantly mentioned by Slick. Sammy , who never found even one play, answered stupid questions and pretended to barely notice George and Ralpie in the chatroom knocking off 3-5k. This went on for an hr, then coffee break . A woman was lamenting to another about taking Wade Cook classes for 8k and people were all over the product display table talking to sales guys. The tapes, classes etc. were $4,500- $10,000. We had a plane to catch, George and Ralphie no doubt were up a 100k buy days end and Sammy was on his way to N.Y. for three more seminars. I remain continually amazed.
