River Oaks Captial Newsletter

Scam....Stay away

The bottom line is that with no defined strategy or guidance, no one can get their highs or lows. I didn't know when to take profits, and the picks weren't of the high momentum type with 100%+ profits where you can take profits anytime. It's hard to take profits on a pick that had a high of like +10% and you didn't even know the pick was over until it was too late.

OptionsJoof

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One of the biggest scams

This is an options service that gives calls/put recommendations. Looking at their track record in the last 4 years, you see an average return per trade of 25-35%. They make 10-15 recommendations every month and average holding period is about 10 days. They suggest entry price, target and stop loss. They even offer the following money back guarantee:

“WE GUARANTEE that our option trade selections will provide opportunities for a total NET GAIN EACH and EVERY MONTH* of your active subscription period or we will REFUND 100% of your initial SUBSCRIPTION COST…

Looking at their track record, you can see that they calculate returns in the following way:

If the price hits the target, then the return is the difference between the entry price and the target price. If the target was not hit, the option at some point is stopped out. In this case, they calculate the return as the difference between the entry price and HIGHEST CLOSING price recorded at the closing bell during the ‘active’ holding period.

Achieving those gains requires perfect hindsight looking backward from the closing dates to the purchase dates. Promising money back guarantee based on those results is even more misleading and smells like a fraud. In fact, looking at their track record, you can see that only two options reached their target in 2010. I recalculated the 2010 performance based on the stop loss and instead of 24.36% average gain you get 8.17% average LOSS. In fact, when calculating performance this way, every single month in 2010 was a losing month.

Bottom line: performance numbers are a complete scam, and the real numbers show average loss in every single month.

Kimk

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Biggest Scam ever

All of their performance history are all based on the highs the picks acheived. They have no exit alerts and their so definitive strategy on exiting. you cant take limit orders based on history or do anything to improve your strike rate. total scam. they give one or two lines on the reasoning of each pick. very generic stuff. absolute awful newsletter, you wouldnt even know that the performance was based on the highs of each play until you dig deeper and then you are already out of $99.

Ajoof

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Straight foward put and call picks

River Oaks has been in the business of picking puts and call for some time. There's very little if any narrative to their picks. Apparently the picks are based on their special system. They make the calls the night before so you have time to do your own due diligence if you wish. They get you INTO the trades. They will advise you when THEY have closed their trades. YOU are advised that YOU are responsible of exiting your own trades at your own comfort level. Some trades go on for a day and some weeks. Their trades are updated nightly in the newsletter along with new picks and closed trades.

DO NOT expect to duplicate their results or you will lose. They summarize their trade results monthly and yearly on their website. Not all their picks are winner, but they do seem to pick more potential winners than losers.

All the best.

Medowz

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