Welcome. I've started studying Warren as of July 99
July 21 1999 at 12:23 PM No score for this post
from IP address 209.240.200.37
Welcome to this forum where I'll be studying Ted Warren's stock trading system. I was introduced to it by Ken Robert's company in Grants Pass, Oregon. He mails out get-rich booklets describing how anyone can generate lots of money in commodities. The latest booklet, though, described stock trading in Warren's unique way and it grabbed me, so I sent in the $199 to get the package.
I'm currently listening to tape #3, and have read through the book once. I've been thinking about opening an account with Merril Lynch but I'm afraid of y2k at the end of the year and I might want to open an account with Ameritrade instead, and trade online.
I'm a little disappointed that the system requires you to have so much patience. Oh well, I guess that's part of what it takes to make money anywhere. This system is NOT a get rich quick formula. You have to invest and wait several YEARS. Still, it seems to be the most sure-fire way I've ever seen to make money in stocks. It's holding my interest.
Feel free to participate in the forum, especially if you're also using Ted Warren's system.
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have you actually tried his methods and are they working ,,or is it just $199 to make ken richer..
have listened and worked off wade cooks methods before,, which deals in mostly short term trading.
madee about 100% in 4 months and then got greedy and gave it all back playing options in the next 2 months ,,what makes this so different
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The element that makes Ted Warren's approach so different is that he uses ONLY long term charts. The pure technical analysis is based on a stunning accusation: That stock prices are completely and totally controlled by manipulators who work to fleece the public. The manipulation takes place over 3 or 4 years of an accumulation phase, then an artificial cranking up the price, then a planned sell off and finally another planned shakeout where the public is left holding the bag. <br><br>
The audacity of the theory is what fascinates me and the long term charts-- 10 years or more-- are the only time scale you can see this on. <br><br>
If Wade Cook worked, great, but you indicate he's interested in short term. Warren's system only works over 3-10 years. <br><br>
Is Warren's system working for me? I don't know yet. I've barely gotten started. Just bought my first stock today. <br><br>
Is this just another $199 for Ken Roberts? Maybe, but this is the first program where I've maintained my optimism about recovering that amount by the time my refund time is up, a year from now. You DO get a good boxfull of stuff, too. And a book by Ted Warren published exlusively by KR not available anywhere else. <br><br>
Thanks for posting!
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Read the book, "Secrets of the Street" by Gene Marcial.
On the back cover:
" From Gene Marcial, the ultimate Wall Street insider and noted Business Week columnist, comes the tell-all bestsellar that exposes the darkest truths of investing. Follow Marcial into the Street's poshest executive suites and shadiest corners, where market manipulation is nothing more than business as usual."
Good trading!
~ Victor
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Thanks, Victor, for the recommended reading. Secrets of the Street and Ted Warren's theory are in agreement, then. I'll pick up a copy before September is out and report on it more fully here in October.
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This book is an easy read. I read half at Denny's during breakfast and the other half from noon while sitting at the bar having a soda water with lime at Ruby Tuesday's before my 3-9 shift on the salefloor at Schroeder's Organ and Piano.
I took a few notes on a few ideas that stood out in my mind. This isn't a book review by any means, just a starting point for raising some points.
1. Gene Marcial's account of what goes on behind the scenes of the stock market does indeed offer lots of evidence that Ted Warren is right-- there is plenty of manipulation of stock prices going on.
2. P.23. "a stock gets purchased in blocks as quietly as possible so it won't blast off and call attention to itself".
3. P. 31."Insiders had been quietly acquiring MED for months before the campaign was launched.".
4. P. 32 "As a result of the manipulations, average investors ended up paying a higher price for their shares."
5. p. 44 . Up to this point in the book, there isn't much on HOW precisely the stock is "controlled" from the floor of the exchange-- just from the point of view of "insider" knowledge.
6. P. 92. "On the word of the analysts hang the fate of the stocks".
7. P. 94. UP to this point, no mention of "accumulation", but lots of discussion of "front running" and the importance of analysts reports.
8. P. 113. "Painting the tape" looks closer to the mark of floor-based manipulation.
9. p. 114. The ultimate inside action is with the specialist. "Stocks are toys to manipulate and cash in on".
10. p. 115. "The specialist is charged with maintaining an "orderly market" and is a "stabilizing force". That's a nice way of saying "manipulator".
11. The specialist artificially boosts demand by buying shares for his own inventory and creates artificial activity.
12. Nasdaq specialists are called market makers.
13. P. 143. Without a broker who is well connected, even the best brokers must fly blind.
These are the bits that struck me on my first reading. They're all supportive of the manipulation theory presented by Warren, and constitutes, therefore, an updated confirmation of Warren by Gene Marcial written in 1995.
Insider and floor based manipulation make predicting price moves of stocks using Warren's analysis more likely. This strenthens my motives to continue looking at and using Warren's theories. I wish I had found this stuff 20 years ago.
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I've read all of Ken Robert's sales hype and I have read most of the messages left at this site, but I'm not sure who to believe. What could possibly be so "magic" about a particular method of looking at a chart. It appears to me that charts are not predictable without other critical information. I see plenty of charts that go down and stay down for ever or at least until the company goes out of business. Where's the "magic"?
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I believe there is something to the charts. Investing, especially now, is so psychological. I learned this during my years as a money market broker. The market reacts to the other guy. We were able to move a market by hinting what the big firms were doing. I an environment that is so fast the prudent thing was to go with the market and ask questions later. A portfolio manager does not want to be very different than his counter parts. The individual investor who only has to answer to their spouse has the luxary of challenging the market. Charts can give you an educated guess. Ken Roberts 2 biggest crimes are: 1) emphasizing the big fortunes to be made. Yes you can make a big hit, but it is more practical to expect a better than average return. 2)The time it takes to come across the next can't miss market. It takes a lot of paitence. The people who get hurt are those who jump the gun and force themselves to see a trend before it is fully developed. Take the course, if it does not work send it back. Ken Roberts does honor this policy. I know people who have tried it and they recieved a full refund. Good Luck
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Richard Ney, in his 3 books printed in the '70's:
The Wall Street Jungle
The Wall Street Gang
Making It In The Market
All point to Specialist manipulation and how to spot it. He even testified before the House Banking Subcommittee in the US Congress. They know it, but won't admit it. The back door of Congress leads to the front door of Wall Street.
Question is, would you believe it if you spotted it? Would you act on it if you knew it?
Most people won't.
I wonder if Ted Warren knew of Richard Ney?
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Well for anyone that thinks that Ted's methods are far fetched I really don't understand why. I didn't really have to learn anything new to understand how Ted's methods work, I just never looked at the stock market in that light, which I'm sure many of you felt the same way. We already know that people naturally, think that everything that glitters is gold, and also by now I'm sure we all know that there are always people trying to cheat/manipulate/take advantage of etc. for their own benefit, just about everything; pertaining to money especially. Think of it this way; imagine you have 200 million dollars, which I'm sure is much less than most of the institutions, manipulators, or whoever it is that controls these stocks. Money is power... the amount really isn't important but say you take your money and you buy all the outstanding shares of stock for a certain company at whatever the market price is (stock is usually on a downtrend when you decide to buy.) After you buy there is very little stock available to the public which will make the demand for the stock high (thats why you go for a downtrend), and the manipulators want the price to drop. Now, why would they want the stock price to drop if they had just purchased all these shares at the market price? So the rest of the public that owns the stock will get out, and guess who is waiting to buy. This is the accumulation as all of TW's readers know. Making the price drop is easy I would imagine, they probably even buy the stock from themselves, at a lower price simply to make the price drop. I imagine they shoot for a percentage, before they decide to toss it back to the public... for example I think the accumulation could only take 6 months if they were able to obtain the percentage of the stock they were looking for, maybe 80%.... certainly better than 50% I would think. Imagine the power they have if they own that much of the stock, for instance, If my brother and I are "manipulators" and we are working together. Each of us owns 40% of the shares available to the public. We both share the same money. say we purchased all 80% at $5 a share. Imagine I sell 20% of that stock to my brother (hence myself) for $1 a share. did I lose any money? I still have the same stock and the same money. What happened to the price of the stock when I sold so large a volume at such a low price? What do the remaining 20% stock holders do when they see a stock start to plummit so rapidly? Could I not also sell it back to myself at a higher price, in order to create public interest? The public tries to buy, but cant, and the price just goes up and up and then finally it explodes, the manipulators are 500% richer and the public feels the burn. I guarantee I am not the only person to think about this stradegy and a lot of "rich" people probably have a whole lot more free time than I do to sit there and think of ways to beat the system. I think it is far fetched to think that they DON'T do this or something very similar. I would.
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