Pdani,

As someone who as run a trading room as well as a hedge fund, Matt and Steve have to walk a very fine line. Though the SEC doesn't have time or manpower to go after the Madoffs of the world, they have plenty of resources to go after operators of investment rooms and newsletters. So you have to be extremely careful on what you say and how you say it. Why do you think Cramer says a 100 times a show if he has a position in anything he mentions? In fact, many room operators purposely will not trade the same stocks as they rec. or if they do they have to disclose.

The problem comes that when they disclose, a certain number of clients will follow them into the trade, in essence chase the trade even if it's already moved. Each person's risk tolerance and financial capability is different as well as their ability to manage a trade. So if the trade goes against them whereas they may take a small loss, the clients may take a larger loss. That can lead to suits and complaints to the SEC. Matt and Steve have often talked about there are two ways to take a trade when a stock is in a channel, well actually 3. When the stock is on the bottom of the channel, which is a little riskier, but does allow you to have tighter stops; when it initially breaks out or after it initially breaks out and retests and you buy it off the re-test, which is probably the least risk of the 3. So if Matt chose to buy GDx prior to the breakout for whatever reason, that's not necesarily something that he would share with his clients because it was a riskier trade in some respects.

RP and I trade identical, but our style of trading is definitely not for everyone, at best, very few. Reason what few posts I make tend to be real short term swings because they're based on longer term charts and are probably less risky than some because we have a lot of swing traders in here. So the point I'm trying to make is, what Matt and Steve may do personally may not be in the best interest of the majority of the traders in here. As you can see from the track record of their posted rec. taking the conservative route can be very profitable and pretty darn high percentage. Yeah, I was ticked that I missed the GDX trade too, but I was long gold futures and some other gold stocks and as Matt stated he'd been talking about it for a week.

One other quick point I'd like to make it the quality of the technical research that you get here, though I personally think a little too much emphasis given to Elliott Wave, is literally first class and way over and above board for what we pay. I 've seen and have gotten institutional technical reports that STARTED at $5000/mo that were not as frequent or comprehensive and gave way fewer trade ideas. You guys don't realize what a gift this site is. It saves me 3-4 hours/day at least.