Hi Frank

FM >This sounds like the one a client (I'm a stockbroker) called me
FM >about a week or so ago. He'd seen an ad and spoken to the Gold Coast
FM >people. Wanted to know if it was a good thing. So I phoned them and
FM >got them to send me the brochure. The content was pretty much as you
FM >describe in the bit I chomped.

FM >But here's the interesting thing. Some months earlier I had received
FM >another highly glossy promotion for a system. Very similar
FM >well-produced good quality paper, same restriction on "only 400
FM >people in each state", same Stat. Dec. in the front that you won't
FM >give the results to anyone else, similar investment history diagram
FM >and specific results over a period. Almost the same phone and fax
FM >numbers. 

FM >And it was for a horse-racing system!

If you watched Business Sunday last week you will know that you are dead
right.  There are several companies with the same principals flogging 
three packages:  National Futrax (share trading), a horse racing 
program, and Datatronics (not sure of the name or what it does).

The spiel in the videos is almost identical:  Some public figure (news 
reader, actor) says how easy it is and quotes spectacular gains.

I hope you warned your client off these guys.  You know better than most
how technical trading systems work, and the risks involved (eg getting 
whipsawed when there is no clear price trend).  If the buyer is very 
sophisticated and understands the risks and still wants to go ahead, 
fair enough.  But there are a multitude of excellent trading 
programs around costing much less than $1000 - why pay $7000?

There are a lot of mugs about.  Let's say they sell 500 packages of
the share program.  That is $3.5 million.  Then there are the gg's and 
Datatronics - say another $7 million.  Not bad!  And here I am busting a
gut as a serious investor .

Rgds

Bob
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