A few days back I saw an advertisement on Options Trading Course that made me chuckle!
It featured a smart looking gentleman named Dr. Clement C.... in suit with confident smile and hands gesture making it sound so easy to make money trading the market!
(Updated 24th June '09) - As I passed through Singapore this time, learned that Dr, C's Ph.D. is from an unaccredited University in U.S. .. Oops, the bean is out of the bag!
The advertisement included a Bear Sterns Chart that dropped like a cliff! Marking on the chart prices dropped from $80 to $3 over the weekend. Buy 3 Put contracts on Fri and sell another 3 Put Contracts following Mon. to make US$7,710 in 1 day only!
How the facts are presented!
Wow, he has an impressive list of academic credentials (B.Eng, MBA, Ph.D + so many professional memberships I can't recognize all!)
Did he lie? No!
Did he make a killing? He didn't say either!
Sounds like talking to 3 year olds or gullible fishes out there!
The SAD truth of Bear Stearns!
My rule of thumb in sizing up advertisements is read what it claims. Anything that sounds "too easy" are equally likely to be "easily disappointed" and "100% fool proof methods" are for FOOLS!
Oops, can't resist to add another advertisement here! Sound so easy again, right?
Don't wait to save up the Toto betting money to go for this one, cow gone home already!
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