Wall Street Money Machine, Volume 5: Free Stocks: How to Get the Market to Pay for Your Stocks--FREE!

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Summary: More creative advice by Mr. Cook
Review: Although the techniques in this, the fifth installment of the WALL STREET MONEY MACHINE series were and are practiced by savvy wall streeters, how many were sharing these ideas with the rest of us? Answer? Only one--WADE COOK!

And that is the only thing that I will agree with regarding that Wade Cook basher (yeah, it really is only one guy), that is, what Wade teaches is not necessarily new, savvy experienced investors knew about them and unforunately, they want to keep it that way---to themselves.

Thanks WADE for sharing.

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Summary: Disregard that only negative reviewer
Review: Apparently somebody here has a lot of free time and no concept of telling the truth. The numerous negative reviews are all from the same person.

WSMM#5 is a complete covered call handbook. You will find strategies here that are not available anywhere else. You can get your stocks for free and there is very little (if any) downside risk.

Cook even has a stock repair kit.

The advice works as those of us who have actually tried it and continue to use it are aware.

Ignore that sole negative reviewer. Some people seem to get great pleasure at posting negative nonsense, doom and gloom and just acting foolish. But then again, they are supposed to act foolish that is why they are called fools.

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Summary: More money machine secrets!
Review: I've been following Wade Cook's strategies since 1997. The techniques work. My first trade using Wade's strategies garnered me a 350% return.Free stocks is a catchy title but offers strategies that really work. If anything now is the time to be building your portfolio and using the market swings to benefit.Don't made Wade your only source of information though and never commit more than 2%-5% of your portfolio to option trading.Other books I recommend are 9 Steps to 7 Figures by Carlson and The Mutual Fund Wealth Builder by Dick Fabian.Outside of the stock market, the 16% Solution and Cashing in on Cash Flow are outstanding reads.I also recommend Bear Market Baloney (now WSMM#3) by Wade.You can always make money in the market. During the Nasdaq meltdown from March 2000, I made an average of 50% on no load mutual stock & bond funds and up to 600% bottom fishing undervalued stocks.Try it. It works![e-mail]

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Summary: Use your stocks to buy more stocks? What a novel idea!
Review: In this 5th installmentof the Wall Street Money Machine series, author Wade Cook shows us how to use our stocks to buy more stocks. This is a hidden area of the market that nobodyelse knows or wants to talk about or wants you to know.

Since this book was written several years ago, the huge premiums are not available but you can still make money witht he concept. And when those huge preiums come back, you'll be ready to cash in.

Great book Wade. Thanks for sharing.

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Summary: More powerful advice from Wade
Review: In Wall Street Money Machine Vol 5-Free Stocks: How to get the market to pay for your stocks-FREE Wade Cook introduces the LOCC (Large Option Covered Call) system. This system is a machine-a machine for generating consistent cash flow in sufficient quantities to better any lifestyle. A system that literally lets you get your stocks for FREE!

There is a saying that when something sounds too good to be true it usually is right? What's the catch you may be asking yourself. Is there a catch? To be brutually honest, yes there is, but it's not what you may think it is.

There is a way to get your stocks for free, which, if you get to the bottom-line root meaning of FREE, is simply that you do not pay for your stocks yourself. We're talking about quality stocks that you get to choose! You can be as diversifiedas you want. And get this-you can pretty much start with any amount of money you have.

This is not a get rich quick plan. Nor is this some ambiguous, nebulous method that only a few people can master and use. It is also not a theory, but an in-the-trenches, workable, cash flow stock market machine. This plan takes a simple yet overlooked aspect of the stock and options markets and puts it to full use. The results are dynamic and far-reaching.

LOCC has a beginning, middle and an end. It puts the emphasis where it should be; on generating income so you can retire. Yes, huge assets are nice, but let's go for simple ways to build steady monthly income so we can do more of the simple yet wonderful things that life has to offer.

If you like the buy and hold strategy of investing, in FREE STOCKS, you will learn how to get the market to pay for your stocks in 5 to 7 months with the LOCC system.

In FREE STOCKS, you will learn:

- Option cycles and market makers
- How implied volatility affects option pricing
- Buybacks and Rolloouts
- Stock Repair Kit
- How to put volatility on your side
- Be a seller, not a buyer
- When to get your money
- Exploration of ways to increase gains and reduce taxes
- What to do if the stock dips-Make more money!

Finally, if you followed more traditional forms of investing and lost a ton of money in the stock market over the last three years, FREE STOCKS may be just what the doctor ordered to get back on track and make that money back.

During the Bear Market of the last three years, I and others used the strategies in FREE STOCKS to recover losses on deep dips. Question: How much money did you lose by not knowing these strategies? And how much money will you lose by not applying these strategies going forward?

Get the book. It's a must read!

Rating:
Summary: More creative advice by Mr. Cook
Review: It usually is, except with Wade's book FREE STOCKS. It really works! How do I know? I've done it! Great stuff. Thanks Wade!

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Summary: Good, solid advice. On the money.
Review: Wall Street Money Machine Vol 5 is basically a covered call handbook. In this book, Wade Cook shows you to make the market pay for your stocks.

I have been an investor for over ten years and have a brokers license but never knew you could do this. Unfortunately, brokers are never taught these strategies, only license requirements.

I highly recommend Wall Street Money Machine Vol. 5 for anyone who wants to make some real money in the market.

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Summary: Implied volatility is must reading
Review: While the huge premiums are no longer available, or at least not as readily available as they were when Free Stocks was written a few years ago, I feel that the information is still worthwhile and the concept still works.

I particularly liked the section on "Implied Volatility". Cooks uses and example how a stock dropped by $2 but the option went up $1 1/2 at the same time. He calls it "implied volatility".

I found this book to have more detail on options trading, particularly covered calls and of course the LOCC method which is the main theme of the book.

I highly recommend Free Stocks: Wall Street Money Machine volume 5 along with Volume 1 and Red Light Green Light.

The genius of Mr. Cook is to take complicated techniques and explain them in easy to understand, non technical jargon that has you scratching your head and wondering; "What the heck are they talking about?" No reading through 1,000 pages of fluff and trying to figure out how to make it work.

Good book and I highly recommend it.