Waxie
- Thread starter marketsurfer
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Boy have I got a funny story for you! I used to work for "Learn to Spread Trade! They are based out of Provo, Utah and the entire organization is a scam.
I actually worked in a phone selling "boiler room" and Learn to Spread Trade was one of our accounts. Some of our other accounts were Carleton Sheets and all those start your own internet business hoaxes. They're all the same scam with a different name.
I took the job because it was at night and I could supplement my income from trading. I mainly took it because it was selling trading products and I thought, hey this is perfect! I quit after a month. Tell you why in a second. I sold used cars for 6 years and thought I had lost pretty much all of my conscience from that! I guess I had a little left afterall. This place was so kinky I had to quit. Couldn't sleep at night. Lol.
To make a long story short, you purchase the tapes off of the infomercial and then we call you telling you that we are from Learn to Spread Trade, and basically tell you it's impossible to make any money in the market without the help of an expert. We scare you so bad that you either send the tapes back or sign up for our $3,500 course with our "market guru".
That right there was the entire reason the company was started. They could care less about how many tapes they sell. They're barely breaking even on those. They make all of their money off of the coaching. I met the two owners of the company. They came to us for a pep talk one day. BTW, one of the owners poses as one of the traders in the infomertial! Lol.
Here is a direct quote from the owner. I recorded it. Glad I did.
"You guys, let me tell you the best thing about this program. I don't know a thing about trading! And it doesn't even matter. Here is why we started this company. We are salesmen just like you. We've been in this business for over 25 years between the two of us (high pressure phone sales) and what is the one thing you hate most about your customers?......It's that they don't have any money. So we've come up with a product that guarantees you customers with money. Zero down real estate. Give me a break. We're just asking for roaches. With this product people know ahead of time that they are going to need money to trade. It's the perfect product. You're dealing with smarter clients, and clients that have money and arent' afraid to spend it. Now I know a lot of you have been concerned about all the questions people have been asking about spread trading and you don't know how to answer them. Don't worry about it. All you need to do is learn a few terms so you don't sound like an idiot and get them off the subject. Hell, I just learned the difference between a call and a put! (everyone laughs). Besides it doesn't matter. If you're talking about trading you're not doing your job. We are selling emotions here people. We're selling a change in peoples lives. Spread trading is just the vehicle that's all..........(on and on he went with the pep talk).
Now for the really funny part. The so called expert is 25 years old and drives a 1988 Pontiac! He used to be one of the real estate experts but since we took on this new account we needed someone who knew something about trading. His background? He has read all of Wade Cooks books and has an Ameritrade account. LOL. What a joke.
The only people making any money were the owners and all of us selling it. All the guys I worked with were in their young twenty's making around $150k a year.
The thing that pushed my guilt over the edge was when I sold an old lady who had lost all her money in the bear market, her husband just died and she needed some extra income just to survive. She was terrified to do anything else that had to do with the stock market. After talking to her for over two hours and resolving all of her concerns, she said "well you know I don't feel good about this but if you really think this is the best thing for me then I'll put my trust in you and give it a shot". I said "I wouldn't be talking to you if I didn't think so". I quit the next day.
You know it really saddens me that so many people fall prey to scams. But like they say "There is an ass for every seat". Be careful what you believe everyone.
I actually worked in a phone selling "boiler room" and Learn to Spread Trade was one of our accounts. Some of our other accounts were Carleton Sheets and all those start your own internet business hoaxes. They're all the same scam with a different name.
I took the job because it was at night and I could supplement my income from trading. I mainly took it because it was selling trading products and I thought, hey this is perfect! I quit after a month. Tell you why in a second. I sold used cars for 6 years and thought I had lost pretty much all of my conscience from that! I guess I had a little left afterall. This place was so kinky I had to quit. Couldn't sleep at night. Lol.
To make a long story short, you purchase the tapes off of the infomercial and then we call you telling you that we are from Learn to Spread Trade, and basically tell you it's impossible to make any money in the market without the help of an expert. We scare you so bad that you either send the tapes back or sign up for our $3,500 course with our "market guru".
That right there was the entire reason the company was started. They could care less about how many tapes they sell. They're barely breaking even on those. They make all of their money off of the coaching. I met the two owners of the company. They came to us for a pep talk one day. BTW, one of the owners poses as one of the traders in the infomertial! Lol.
Here is a direct quote from the owner. I recorded it. Glad I did.
"You guys, let me tell you the best thing about this program. I don't know a thing about trading! And it doesn't even matter. Here is why we started this company. We are salesmen just like you. We've been in this business for over 25 years between the two of us (high pressure phone sales) and what is the one thing you hate most about your customers?......It's that they don't have any money. So we've come up with a product that guarantees you customers with money. Zero down real estate. Give me a break. We're just asking for roaches. With this product people know ahead of time that they are going to need money to trade. It's the perfect product. You're dealing with smarter clients, and clients that have money and arent' afraid to spend it. Now I know a lot of you have been concerned about all the questions people have been asking about spread trading and you don't know how to answer them. Don't worry about it. All you need to do is learn a few terms so you don't sound like an idiot and get them off the subject. Hell, I just learned the difference between a call and a put! (everyone laughs). Besides it doesn't matter. If you're talking about trading you're not doing your job. We are selling emotions here people. We're selling a change in peoples lives. Spread trading is just the vehicle that's all..........(on and on he went with the pep talk).
Now for the really funny part. The so called expert is 25 years old and drives a 1988 Pontiac! He used to be one of the real estate experts but since we took on this new account we needed someone who knew something about trading. His background? He has read all of Wade Cooks books and has an Ameritrade account. LOL. What a joke.
The only people making any money were the owners and all of us selling it. All the guys I worked with were in their young twenty's making around $150k a year.
The thing that pushed my guilt over the edge was when I sold an old lady who had lost all her money in the bear market, her husband just died and she needed some extra income just to survive. She was terrified to do anything else that had to do with the stock market. After talking to her for over two hours and resolving all of her concerns, she said "well you know I don't feel good about this but if you really think this is the best thing for me then I'll put my trust in you and give it a shot". I said "I wouldn't be talking to you if I didn't think so". I quit the next day.
You know it really saddens me that so many people fall prey to scams. But like they say "There is an ass for every seat". Be careful what you believe everyone.
I signed up for the Trendfund.com (Full Package = $400.00/mth) subscription. Good thing they had a 2 week free trial. Typical chatroom b*llsh*t.
When the market is moving they stop making calls. They are too busy trading for themselves.
and if you post a trade that's against their calls they kick you off.
example>>>
[15:46] <teresa> papaji and others let me be REALLY CLEAR HERE
[15:47] <teresa> you do NOT fade a call we make
[15:47] <teresa> IF you do do NOT post it
[15:47] <teresa> if waxie was in this room you would be banned
[15:47] <teresa> forever for doing that
[15:47] <teresa> that isn't funny at all or something that is a NICE thing to do, sur eyou made money and was OK trade
[15:47] <teresa> but NOT something you need to post
[15:47] <teresa> so do NOT do it again
[15:47] <teresa> WAXIE would FREAK
[15:47] <teresa> and I mean FREAK
[15:48] <teresa> am I really clear?
[15:48] <papaji> ok
Bottom line is short all the rallies. Waxie is very bearish.
...be careful!!! Cha Chingo
When the market is moving they stop making calls. They are too busy trading for themselves.
and if you post a trade that's against their calls they kick you off.
example>>>
[15:46] <teresa> papaji and others let me be REALLY CLEAR HERE
[15:47] <teresa> you do NOT fade a call we make
[15:47] <teresa> IF you do do NOT post it
[15:47] <teresa> if waxie was in this room you would be banned
[15:47] <teresa> forever for doing that
[15:47] <teresa> that isn't funny at all or something that is a NICE thing to do, sur eyou made money and was OK trade
[15:47] <teresa> but NOT something you need to post
[15:47] <teresa> so do NOT do it again
[15:47] <teresa> WAXIE would FREAK
[15:47] <teresa> and I mean FREAK
[15:48] <teresa> am I really clear?
[15:48] <papaji> ok
Bottom line is short all the rallies. Waxie is very bearish.
...be careful!!! Cha Chingo
lol! that is hilarious! You went in to the room and faded a call....and made money!?!? 
I remember "Teresa" I e-mailed her last year inquiring into a small cap very illiquid (15,000 share avg. daily) stock that Waxie pumped. I asked her whether the customers of trendfund.com had caused the spike in the price and how she felt about manipulating such an illiquid security. Her answer to this showed that....well lets just say that I don't think Waxie hired her for her intellectual prowess.
I remember "Teresa" I e-mailed her last year inquiring into a small cap very illiquid (15,000 share avg. daily) stock that Waxie pumped. I asked her whether the customers of trendfund.com had caused the spike in the price and how she felt about manipulating such an illiquid security. Her answer to this showed that....well lets just say that I don't think Waxie hired her for her intellectual prowess.
Another priceless day of Waxies thoughts. Just think, for $400 a month you can have all this??? Supposedely, I will be banned if I post on the web, but oh well, my two week trial is over. This is basically waht you will read every day, no joke. They are always winners, well, at least you never hear about the losers or the fact that you can never get in at what he calls it for. He will said an alert to say, buy ABCD at 10, well the time you get it, its already at 11.............thats the name of the game and trendfund. KAPOWSA, KACHINGO, KABAM.
Thursday, June 13, 2002
Ka-POWSA!!!
MONSTER DAY at Trendfund.com!!!!
We got them long and we got them SHORT!!!
And, our OMC puts were sold last lot over $25!!!!
Plus, our call on DHR puts ROCKED and were a DOUBLE intraday!!!
Yes, you read it correctly, we sold OMC puts plus over $20 (600ish%!) and DHR
we got puts for 15 cents net, then sold 1/2 those for DOUBLE and ride rest
for a PROFIT no matter what if you played by the call plan!!!
AMCC puts were sold 1/2 at DOUBLE as well!
Q puts smokin' as Q heads to ZERO longer term we believe!
Meanwhile, as we stated, market bounced HARD on the heels of a rumor that MSFT
would preannounce to the plus side.
What's truly amazing is that investors just refuse to give up! They will all be broke
in the end, mark it down, but they just rallied the market on a real nice snap back rally!!!
Ka-CHINGO!!! We rode a few longs for some cashola on the calls and
all in all it was an AWESOME day here for most!!!
I'm sure all Wednesday night we'll hear about this being the bottom, yadda yadda
and how you should buy stocks now heavy.
And, once again we are surely to go LOWER, smashing the idiots even more.
Why the hell would you buy MSFT at $55.50? Serioulsy, why? Where is it going? $60?
$65? ANything is possible, but certainly buying here to predict bottoms is just moronic.
Eventually these cretins will be right but before they are they will go broke more than likely.
Such is the way of the person who doesn't go WITH the markets.
Meanwhile, the market had that huge rally into the close and volume was pretty heavy.
We should get come more bounce, particularly if we gap down, but unlikely it will
last more that Thursday. I hope it goes MUCH more cause will give us better reenty
points on the short side and provide some trading fodder both ways.
We remain NEUTRAL here this week and longer term our pessimism has not budged, sorry.
A GAP DOWN is certainly buyable. Gap up, unless its large, is unlikely to do much damage
either way.
We should get an early rush and then from there its anyone's guess.
See ya on the other side,
WAXIE
Thursday, June 13, 2002
Ka-POWSA!!!
MONSTER DAY at Trendfund.com!!!!
We got them long and we got them SHORT!!!
And, our OMC puts were sold last lot over $25!!!!
Plus, our call on DHR puts ROCKED and were a DOUBLE intraday!!!
Yes, you read it correctly, we sold OMC puts plus over $20 (600ish%!) and DHR
we got puts for 15 cents net, then sold 1/2 those for DOUBLE and ride rest
for a PROFIT no matter what if you played by the call plan!!!
AMCC puts were sold 1/2 at DOUBLE as well!
Q puts smokin' as Q heads to ZERO longer term we believe!
Meanwhile, as we stated, market bounced HARD on the heels of a rumor that MSFT
would preannounce to the plus side.
What's truly amazing is that investors just refuse to give up! They will all be broke
in the end, mark it down, but they just rallied the market on a real nice snap back rally!!!
Ka-CHINGO!!! We rode a few longs for some cashola on the calls and
all in all it was an AWESOME day here for most!!!
I'm sure all Wednesday night we'll hear about this being the bottom, yadda yadda
and how you should buy stocks now heavy.
And, once again we are surely to go LOWER, smashing the idiots even more.
Why the hell would you buy MSFT at $55.50? Serioulsy, why? Where is it going? $60?
$65? ANything is possible, but certainly buying here to predict bottoms is just moronic.
Eventually these cretins will be right but before they are they will go broke more than likely.
Such is the way of the person who doesn't go WITH the markets.
Meanwhile, the market had that huge rally into the close and volume was pretty heavy.
We should get come more bounce, particularly if we gap down, but unlikely it will
last more that Thursday. I hope it goes MUCH more cause will give us better reenty
points on the short side and provide some trading fodder both ways.
We remain NEUTRAL here this week and longer term our pessimism has not budged, sorry.
A GAP DOWN is certainly buyable. Gap up, unless its large, is unlikely to do much damage
either way.
We should get an early rush and then from there its anyone's guess.
See ya on the other side,
WAXIE
2002-06-11 23:28:53
Wednesday, June 12, 2002
Ka-FREAKIN'-CHINGO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Sept. lows HERE AND NOW!!!
WHO IS YOUR DADDY?
While all the idiots are running around predicting bottoms we simply RULE THE FREAKIN' MARKETS!
Let them all try to figure out bottoms, the only thing that is bottomed about the market
is on a minute to minute basis.
When QCOM is $7 its bottomed. When EBAY is $20 its bottomed and when MSFT is $25 its
bottomed.
ARe we there yet?
Didn't think so. Nasdaq WILL SEE other side of 1000. Mark it down and count on it.
What a bunch of morons trying to pick bottoms. Unreal. Who cares, frankly?
If the market goes up, we make calls that make money!
If the market goes down, we make calls that make money!
So, who the freak cares what the market does? Only knuckleheads and talkin' heads
that keep comin' back for more and more abuse. Investors are SCREWED, period.
I will give you my opinion, as always. ANYONE who buys ANY tech stock from here is
gonna be screwed. Sorry,thats just the way it is.
Only a moron would buy stocks here. Maybe we bounce, sure, why not? Ultimately?
Come on, be serious, where we going? One way ticket to death spiral on the Nasdaq
and one way ticket to same place on DOW.
What's truly amazing is that people refuse to look at the TRUTH!
NOK had TERRIBLE conference call. Yet, what do they do, they GAP UP $1.50!!!
ROFLMAO!!! What an EASY short!!! ROFLMAO!!! It's FREE MONEY, dudes!
They WARNED that they would not have any growth, that their sales and DECLINING!!!
HELLO??? HELLO??? Is anyone home?
Unreal. NOK sees $5 and visits LU and the rest of the gang in never never land. Take it
to the bank. Upside? Be serious. Where is it going?
ANyway, we broke KEY support on the Nasdaq and closed under 1500 for the first time
since Sept. lows.
Our outlook has not changed. Keep your stops set on shorts in case of snap back (short, VERY short)
rally of a day or two. As we did with QCOM, then we just reshort. Its simple and its
made us money for a long while now.
We'll stick to the plan. What more can ya do? AMCC puts rockin'. Q puts rockin'.
VZ looks ready to crack as well it should. This is a market in a heap of trouble.
VIX hardly budged. People still believe that the bottom is in. Scary isn't it?
Maria had the stupidity once again to try to blame a bomb in Israel for the market tankage.
Ah, Maria, honey, baby, money honey, ah, sweetie, the market was tanking BEFORE
that bomb blew up. Or, ah, weren't you watching the market all day?
My God, they just get so flustered when the market tanks instead of just telling their clients the TRUTH.
Tell them to TRADE the market and thats the ONLY way anyone has made money for 2 1/2 years.
The DOW is now FIRMLY below 1998 highs. That was over 4 years ago!!!
Who is making money? Well, I am, thats for sure and so are our clients.
Are you? Let's stay NEUTRAL intraday with our overwhelmingly NEGATIVE market bias
longer term as usual.
Go WITH the market, not against it. I just hope they gap us up, hehe. Did someone say SHORT
time?
TMPW looks ready to crack, and QCOM is lagging and should catch us shortly. Also watch MSFT
to retest those yearly lows soon. IBM already did
See ya on the other side,
WAXIE
Wednesday, June 12, 2002
Ka-FREAKIN'-CHINGO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Sept. lows HERE AND NOW!!!
WHO IS YOUR DADDY?
While all the idiots are running around predicting bottoms we simply RULE THE FREAKIN' MARKETS!
Let them all try to figure out bottoms, the only thing that is bottomed about the market
is on a minute to minute basis.
When QCOM is $7 its bottomed. When EBAY is $20 its bottomed and when MSFT is $25 its
bottomed.
ARe we there yet?
Didn't think so. Nasdaq WILL SEE other side of 1000. Mark it down and count on it.
What a bunch of morons trying to pick bottoms. Unreal. Who cares, frankly?
If the market goes up, we make calls that make money!
If the market goes down, we make calls that make money!
So, who the freak cares what the market does? Only knuckleheads and talkin' heads
that keep comin' back for more and more abuse. Investors are SCREWED, period.
I will give you my opinion, as always. ANYONE who buys ANY tech stock from here is
gonna be screwed. Sorry,thats just the way it is.
Only a moron would buy stocks here. Maybe we bounce, sure, why not? Ultimately?
Come on, be serious, where we going? One way ticket to death spiral on the Nasdaq
and one way ticket to same place on DOW.
What's truly amazing is that people refuse to look at the TRUTH!
NOK had TERRIBLE conference call. Yet, what do they do, they GAP UP $1.50!!!
ROFLMAO!!! What an EASY short!!! ROFLMAO!!! It's FREE MONEY, dudes!
They WARNED that they would not have any growth, that their sales and DECLINING!!!
HELLO??? HELLO??? Is anyone home?
Unreal. NOK sees $5 and visits LU and the rest of the gang in never never land. Take it
to the bank. Upside? Be serious. Where is it going?
ANyway, we broke KEY support on the Nasdaq and closed under 1500 for the first time
since Sept. lows.
Our outlook has not changed. Keep your stops set on shorts in case of snap back (short, VERY short)
rally of a day or two. As we did with QCOM, then we just reshort. Its simple and its
made us money for a long while now.
We'll stick to the plan. What more can ya do? AMCC puts rockin'. Q puts rockin'.
VZ looks ready to crack as well it should. This is a market in a heap of trouble.
VIX hardly budged. People still believe that the bottom is in. Scary isn't it?
Maria had the stupidity once again to try to blame a bomb in Israel for the market tankage.
Ah, Maria, honey, baby, money honey, ah, sweetie, the market was tanking BEFORE
that bomb blew up. Or, ah, weren't you watching the market all day?
My God, they just get so flustered when the market tanks instead of just telling their clients the TRUTH.
Tell them to TRADE the market and thats the ONLY way anyone has made money for 2 1/2 years.
The DOW is now FIRMLY below 1998 highs. That was over 4 years ago!!!
Who is making money? Well, I am, thats for sure and so are our clients.
Are you? Let's stay NEUTRAL intraday with our overwhelmingly NEGATIVE market bias
longer term as usual.
Go WITH the market, not against it. I just hope they gap us up, hehe. Did someone say SHORT
time?
TMPW looks ready to crack, and QCOM is lagging and should catch us shortly. Also watch MSFT
to retest those yearly lows soon. IBM already did
See ya on the other side,
WAXIE
Well I got Waxie one better.
I swear this is a true story. I was on a financial chat as WhinyTrader when the NAZ was at 5,000. I then speculated that wouldn't it be weird if the NAZ traded at a 1,000 handle. I went on to muse that one day the NAZ would trade at 1,500 and it would look expensive.
It wasn't an official prediction since it was posed as a humor.
I swear this is a true story. I was on a financial chat as WhinyTrader when the NAZ was at 5,000. I then speculated that wouldn't it be weird if the NAZ traded at a 1,000 handle. I went on to muse that one day the NAZ would trade at 1,500 and it would look expensive.
It wasn't an official prediction since it was posed as a humor.
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