WaveStrength Options Weekly

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Edited by Adam Lass, uses charting to target options trades.

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“Last Sane Oil Play of the Summer”

This is a quickie as I close out Friday evening for the fabulous Gumshoe readers — but I just got an email from Adam Lass at WaveStrength Options Weekly (with help from Bryan Bottarelli) that promises the “last sane oil play of the summer,” an option trade that will make money if there are (aren’t [...]

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Subscriber Reviews

Posted by Ben on Sep 17, 2010 @ 10:10 am

Hey there,

I subscribed to WOW back on June 15th, 2010. I’ve had mixed luck. My first trade (puts on AXP) was up about 30% when I got out, and my next 4 trades were all losers. I cut the first three quickly so kept my losses tight, but got into trouble when I let an XOM call run with a loss for too long, and then took a substantial loss after the pain was too much. Adam does not give an exit strategy, so when he brags about his winners you need to take them with a grain of salt. However, the newsletters are very smart and carefully thought-out, and teach me a lot about the stock market and the investing world, so that’s good.

I think the best thing you can do is make trades on his pics that you believe in and understand, then cut your losers quickly when they’re down 5%, and let your winners run with a trailing stop (with some breathing room). I like to put my stops in just below the previous day’s close.

I’ve also learned a lot about stock options and have started to make some trades on my own (bought some at the money January calls on GLD and GDX) and also bought some at the money calls April calls on SLV. So far, my pics are up – we’ll see what happens. I still get WOW and sometimes make trades with Adam’s pics if I’m familiar with the company or personally believe in the plays.

However, the most important thing is to cut your losses right away if a trade goes against you, and let your winners run.

Ben

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Posted by Kim on Sep 30, 2009 @ 9:50 am

Reliably capturing the maximum gains requires perfect hindsight looking. Just about any trading system could produce fantastic gains operating in perfect hindsight. Some of the stocks touched their highest price only for few minutes – how would you know at this moment that this would be the highest price?

ANY service that calculates gains based on the highest price is a SCAM.

Overall Rating
Performance of Picks/Advice	Not Rated
Consistency	Not Rated
Interesting to Read/Educational	Not Rated
Customer Service	Not Rated
Value for the Money	Not Rated

Posted by Mark L. Chicago IL on Sep 29, 2009 @ 4:50 pm

Adam Lass and Brian Bottarelli are a couple of shady operators. As stated above, they show their picks with “maximum gains” as one would know when the exact top of your option is hit and exit at that time. I put in current prices of all of their open recommendations based on their stated entry price (which likely a great number of people could not get in at) and their current open picks are at -14%. Yet their own stated “maximum gains” average 89% (if you sold at the exact top of every pick). Their returns are an illusion and they do not show their performance honestly. I find it incredibly self-serving and extremely misleading to show their picks in this way. No honorable service would do such a thing. Even if you did pick a gain target of 50%, I guarantee you would lose money overall when the losers are added in. You would need to milk the few home runs they hit at their “maximum gain” price to make money – and who can do that? They certainly can’t as they don’t give advise when to sell – what kind of service is that? I would advise you to spend your money elsewhere and really learn the investing business. The best I’ve found? Richard Russell – Dow Theory Letters; Steve Sjuggerud – True Wealth; and the Oxford Club (basic service). Good luck and great investing…

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Posted by Ros on Sep 11, 2009 @ 2:08 am

Here’s a cut and paste from WOW (Wavelength Options Weekly) site directly.

“In recent weeks, WaveStrength Options Weekly option contracts have allowed subscribers to leverage gains of 403% off Sears (SHLD: NYSE), 295% off FedEx (FDX:NYSE), 121% off Disney (DIS: NYSE) and 169% off Avery Dennison (AVY: NYSE).”

See my previous entry – these numbers are false!

I don’t know about AVY, I didn’t find it in the current nor achived portfolio, but could have looked past it.

All my % price movements are based on stock price and not option price, but you can calculate or estimate the corresponding option price changes from the stock price changes.

The good thing is that when you ask for your money back, it is promptly handled.

Adam Lass and Bryan Bottarelli do write well. I was going to check 2 stars on interesting to read/educational, but I couldn’t say it’s educational when their take on the market is wrong. I think it is worse to give false education.

I thought I may be expecting too much until I read Weber’s Global and Aden’s forecast (due to comments from this site.) They gave the correct call on the market movement and gave sound advise. I think these 2 have better worth in terms of money and time that you will spend. I am still choosing which one I will keep since I don’t have a lot of cash to spend, otherwise, I would love to have both.

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Posted by Ros on Sep 11, 2009 @ 1:11 am

I subscribed for only one month and one month is long enough! His last 4 recommendation is 2 up and 2 down. The STOCK price moved (+) for his trade 5% and 6%, and against his trade 4% and 8%. A most recent one DIA put is ~ (-) 3%.

Reviewing his open trades is even worse. The trades are losing ~ 200% (AIG puts –July ’09 recommendation) and 86% (SI puts – March 09), and that is for STOCK price movement against his recommended trades. Other losses are ~ 18%, 28%, 42% of stock price movements. Most of the gains of his other recommendations are in the single digits, teens, or in the 20% gain. His best and only triple digit gain is F.

On his site, http://www.taipanpublishinggroup.com/wavestrength-options.html, he writes subscribers had gains of 403% on SHLD, 295% on FDX, and 121% on DIS. I don’t know where he got those numbers.

Using his own executive summary, he lists maximum gain on SHLD as 43% (as of yesterday, stock is up from time of recommendation ~ 6%); maximum gain of 45% for FDX (now -42%), and “No Subsequent High (Yet)” on DIS puts (from April ’09 recommendation) and it expires in October!

His maximum gain is also a joke. It is based on the best gain of the trade and not based on when the trade is exited. In his newsletters, there is no such thing as exits, just entries.

I have tried several newsletters and would rate this as the worst for the following reasons:
1) There are too many faulty picks and no exit strategies that could devastate someone’s finances; AND
2) Misleading information by using maximum gains to represent the portfolio’s performance; AND
3) for deceitful information on their site about gains that did NOT happen.

Be careful. He gives you 30 days free trial but you may lose a lot in that time period.

Overall Rating	Not Rated
Performance of Picks/Advice	Not Rated
Consistency	Not Rated
Interesting to Read/Educational	Not Rated
Customer Service	Not Rated
Value for the Money	Not Rated

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