Hi, Bob.

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

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

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

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

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

BM> I hope you warned your client off these guys.  You know better than most

Definitely! Even though from the look of the the stuff in the brochure
it would have been good for me - very frequent trading.

BM> how technical trading systems work, and the risks involved (eg getting
BM> whipsawed when there is no clear price trend).  If the buyer is very
BM> sophisticated and understands the risks and still wants to go ahead,
BM> fair enough.  But there are a multitude of excellent trading
BM> programs around costing much less than $1000 - why pay $7000?

I think the client said it was going to cost $3,800.

BM> There are a lot of mugs about.  Let's say they sell 500 packages of
BM> the share program.  That is $3.5 million.  Then there are the gg's and

I bet they don't though. Or are there enough gullible & rich people
around?

BM> Datatronics - say another $7 million.  Not bad!  And here I am busting a
BM> gut as a serious investor .

Tell me about it! :-)

Regards, FIM.

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