ED Magedson – Founder
Botarelli Research Don't trust Botarelli Internet
I have tried Botarelli Research in options. I had received emails that seemed promising, especially when they quoted their results. I reviewed their reported results for this year and they were averaging 11% per trade...I excluded 3 trades that were over 100% just to be conservative. My results have been well below that. More importantly, there was a recent trade that went against the recommendation and hit the protective stop Botarelli had recommended. A trader should have close the trade then at a loss. No word or alert from Botarelli. The next morning at 9:32, an alert came that the losing trade should be closed now. This was the second time the postion should have been sold at a loss. 15 minutes later, they sent an alert saying the stock was moving up and to take profits. If subscribers had been following the recommendations, they would have already closed the postion. I checked the web site and Botarelli logged this trade as making 56%. That is a lie.
This report was posted on Ripoff Report on 06/19/2013 08:57 AM and is a permanent record located here: http://www.ripoffreport.com/r/Botarelli-Research/internet/Botarelli-Research-Dont-trust-Botarelli-Internet-1060334. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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