Wade Cook
Wade Cook once gave real estate seminars but later
shifted into
stock market seminars when things dried up for him. So not
only is Cook slightly crooked in my opinion, but he's lacking the
"Real Life Experience" needed to teach others. I just think a teacher
needs more success stories than this guy has under his belt.
Have you noticed that old Wade re-edited his radio info-
mercial which once boasted: "you can make money even when
your stocks go down." That line is now missing. Hmmm, wonder
why? Maybe one of his own gullible students found out the
truth the hard way? I smell a lawsuit somewhere. Anyone who
believes he can make money on a falling stock, I have some
ocean-front property in Arizona for sale with your name on
it.
I mean it when I say that "Wade Cook" had
nothing to offer people other than a two day "hyped-up" seminar
designed only
to get more money out of people on the second day of Wall Street
Workshop.
I believe the only purpose in Wade's mind for putting on
the Wall Street Workshop was to quickly give you in, one day, 11 stock
market
strategies, and then hammer hammer hammer you on the second day to
purchase a Cook University Course for approximately $10,000.
One of my reliable sources who was an insider had this to say about
him:
"After working with Wade for almost one year I got sick to my stomach
listening
to him
LIE to people. I watched this greedy guy cheat his speakers by not
paying them. I watched other employees in his sales
department get cheated out of money due to Wade's constantly changing
their
squeeezzziee easy commission schedule. I watched and listened to Wade
tell
folks that
they could get all sorts of OUTRAGEOUS RETURNS if they would just buy
his
seminar. GAMBLE GAMBLE GAMBLE is what I saw!
Simply put, Wade Cook gambles with "your money" in the
stock market and then
"lies" about his returns on the internet.
If any of Wade Cook's occult people receive this message please keep in
mind
that I am deeply offended by Wade Cook writing the phony book BUSINESS
BY THE
BIBLE. Mocking God is very offensive to me. I want to be very clear
that I
AM NOT BASHING WADE....I am simply telling you how it is and you Wade
Cook
followers know it too. Its very difficult to get "Wade Cook" out
of your brain once he hooks you in with all his yak yak yak.
Here is Wades Story:
1.) Wade is telling you the truth when he says he used
to be a cab
driver; he was!
2.) Wade used to be heavy into real estate and had a
pretty good size
operation (back in the 80's mainly), and his company went BANKRUPT! He
also
had a number of complaints filed on his head for shady business
practices, and he was lucky to just be faced with bankruptcy.
3.) He made a comeback in another arena where people did
not know
about
his get rich quick scams of real estate, and that is the market we are
talking about THE STOCK MARKET!!
Wade opened a few companies Profit Financial Corporation and Wade Cook
Financial Corporation under the symbol "WADE".
Wade Cook has been investigated by the Securities
Exchange Commission
for
dealing securites without a license! There are other infractions as
well
which I do not want to go into!
4.) I think this guy is FULL OF IT! Let me tell you why:
He tells people to
rethink their returns in periods of weeks and a month (instead of a
year)!!
If he was right about this, then he would have his own mutual fund and
make
BILLIONS AND BILLIONS of dollars!!
5.) Wades books are fine and It should be noted that 99%
of what are in
his
book are just reinstated from other peoples books (which he basically
copied from)!! I want you to know that I have read his book Wall Street
Money Machine and thought it was fine! I thought his descrition on
option
plays were over simplified though, AND WOULD URGE SOMEONE WHO IS GOING
TO
PLAY OPTIONS NOT RELY ON WADES BOOKS FOR OPTIONS!!!!!!!!! I cannot
emphasize this enough!! There are sharks in the option market and they
will
eat you up and spit you out if you are not good, and take every penny
of
your hardearned dollars you put in!!! About 80% lose so 20% can win!!!
6.) IT IS widely known that WADE COOK made more money by
selling his courses than he did on his stock market investments. Yes,
where he made his $$$ was in selling people to take his
workshops!! Also, this guy will not only sell the first seminar to you
for around
$3000
to $4000, but will get you in his advanced seminar, and his little mock
college, and has suckered people in in EXCESS OF $20,000 a year for his
seminars!!!!
The primary source of "returns" for Mr. Cook are from
SALES of his
seminars
and material. Your better off using a dart board
In general, don't recommend Wade Cook, but some of his
books were ok.
Since I review business opportunities and internet gurus
all day for a living, you can guess I know which ones work and which
ones don't. Click here to see how I
make my money.
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