The Weekend Wiretap is a service that provides financial analysis on stocks, commodities, and other investments. It has been operating since 2007 and claims to have over 1 million users. Is the service legit?
On the WealthPress website, I just came across a presentation by Rob Booker and Ippolito, Lance regarding a new trading method dubbed Weekend Wiretap.
According to the video, you may make a fast transaction on Friday afternoon and pay out Monday morning with up to 610 percent gains due to a “weird Friday afternoon occurrence.”
It seems promising, but is it genuine or simply another con?
In this post, I’ll try to answer that question for you. So, if you’re interested in learning more before enrolling, keep reading as I take you through what I discovered.
Weekend Wiretap: Can You Really Make $1,000 Every Weekend?
The Weekend Wiretap presentation starts with a video showing trading expert Rob Booker at an airport, claiming he’s on his way to meet up with Lance Ippolito to hear about a new “trading oddity” that’s “shown the potential” to unlock five-figure weekend paydays.
It’s as easy as making “one fast transaction” on Friday at 3 p.m. and waking up on Monday morning with thousands of dollars in your account, according to Rob.
He joins up with Lance Ippolito there, and the two take a leisurely drive across beautiful Florida on a Friday afternoon. Lance pulls out his phone during the trip and allegedly teaches Rob how to make a fast trade after getting a “Wiretap Alert.”
secure.wealthpress.com/sf/weekend wiretap/?step=vsl1 Source: secure.wealthpress.com/sf/weekend wiretap/?step=vsl1
The movie then cuts to Rob and Lance having a good time over the weekend, fishing, drinking, and so on. Then, on Monday morning at 9:30 a.m., Rob and Lance meet at the dining room table to discuss the transaction.
And it seems that the transaction was a success, with a $5,000 investment converting into $9,150.
I don’t know about you, but the entire event seemed very staged to me, and it wasn’t anywhere close to being an example of how a genuine trader would make money. But I suppose the idea was to show how easy it is to use the Weekend Wiretap method – simply make a fast transaction and relax for the weekend.
Despite this, Lance claims that the method has an accuracy rate of up to 81 percent and provides many instances of double- and triple-digit profits utilizing the approach.
According to the WealthPress website’s purchase page, the “Wiretap” recently indicated returns of 50% on Mondelez, 183 percent on IBB, and 610 percent on CRSR in a single weekend. And it claims to have produced a cumulative gain of 1,231 percent over four weekends.
If this is correct, these are significant benefits. This technique does not require “hovering over your transactions,” chart patterns, or technical indicators, according to the presentation.
All you have to do is make a simple transaction on Friday at 3 p.m., and you might wake up Monday morning with thousands in your account.
This is an amazing idea, but it also seemed too good to be true to me. I’ve seen other gurus make similar promises in the past, and most of them were just hype.
Despite the fact that the majority of the video is on how easy it is to earn money, Lance did disclose more specifics about how the system works as the presentation progressed.
What Is Weekend Wiretap and How Does It Work?
Weekend Wiretap, according to Lance Ippolito’s presentation, is primarily concerned with “front-running” significant events that occur over the weekend.
Many publicly listed businesses, according to Lance, disclose their most favorable news over the weekend. A business merger, a new medication approval, or an earnings report, for example. Basically, everything that has the potential to increase the value of a company’s stock.
And, if/when this occurs, Lance believes it will boost the stock price on Monday morning as investors flock to the company on the back of the good news.
So the concept behind his method is to trade on Friday afternoon, before the market closes, to get ahead of the good news.
It may seem straightforward, but how can you know which stocks will soar on Monday morning?
That’s where Lance’s “wiretap system” comes into play, according to him. He claims that his system can see million-dollar “wires” on Friday afternoons, alerting him to which possibilities may be worth pursuing.
What is the definition of a “wire?”
According to what Lance says in the video, the “wires” he’s referring to are transactions conducted across several options exchanges by hedge funds, institutions, and “big money insiders.”
He’s searching for fairly big purchase orders on otherwise boring equities that make little sense and are scattered across several options exchanges, according to him. Because this might imply that “someone” knows something that the rest of us don’t.
So, based on what I’ve gathered, he’s on the lookout for possible “insider” behavior, such as individuals making trades who may be aware of positive news about to be released over the weekend.
In principle, if you had a system that could detect this, you could execute a transaction before the market closed on Friday, and the stock would rise the next day, as he claims.
But there’s a huge “IF” there.
Unless you’re an experienced trader who understands precisely how Lance finds these trading chances, you’ll have to take his word for it that he does have one.
It’s anyone’s guess whether he will or will not.
Lance Ippolito, on the other hand, claims to have spent $10,000s working with a development team to create a “specific algorithm.” One that uses a specific trading pattern to determine the strength of these “wires.” This algorithm is dubbed “The Wiretap” by him.
According to him, the system is set up to monitor over 4,000 publicly listed firms and tap into 16 different options markets. When the algorithm detects an opportunity, it notifies him so that he may make a transaction on Friday afternoon and share it with Weekend Wiretap subscribers.
After that, you may select which trades you wish to execute using your own broker account after you receive Lance’s trade suggestions.
What Are the Benefits of Signing Up?
What you have access to as a Weekend Wiretap member depends on whatever membership level you select – Silver, Platinum, or Diamond.
Regardless, the essence of the service remains the same.
The primary benefit of the subscription is the 156 “Wiretap Trade Alerts” you’ll get over the course of a year. Lance claims to give you three trade tips every Friday afternoon with the potential for double- or triple-digit gains by Monday morning.
Of course, there’s no guarantee that you’ll see these kinds of results, or that you’ll earn any money at all, but Lance claims that’s what his method can do.
You’ll also receive access to the Weekend Profits Portfolio, which includes some training, a live weekly webinar, and other extras, as well as the Weekend Profits Portfolio, which displays you the newest trades Lance has suggested.
- Crash Course on Options Pro (short options trading course).
- Weekend Wiretap Accelerator Class in Person (live weekly webinar).
- Safeguard Your Profits (special report).
- Lance’s “VIP Trade Room” is available for three months.
- A Hawaiian shirt with an unique print will be sent to you (yes, really).
How much does it cost to become a member?
Weekend Wiretap offers three levels of membership:
- One-year Silver membership is $1,297.
- Platinum membership ($1,397 for two years) is the most expensive option.
- Membership at the Diamond level is $1,497 for three years.
The major distinction is that the two higher-level memberships include access to the service for a longer length of time as well as tickets to a live in-person event in Ponte Vedra.
It’s also important to consider the amount of money you’ll be dealing with.
The concept behind a service like this is that you take what you learn as a member and select whether or not you want to use your brokerage account to execute the trade suggestions. And, according to Lance’s presentation, you can get into the trades he advises for $100 to $500.
Is it Possible to Get a Refund?
With Weekend Wiretap, there is no way to obtain a cash return. If you’re not pleased with the service during the first 60 days of enrolling, Lance promises to “pay for you to join another Wealthpress program.” To put it another way, you may change services.
Weekend Wiretap: Who’s Behind It?
Lance Ippolito is the driving force of Weekend Wiretap, and he works for WealthPress, a financial publishing business that sells the service.
This is the third time I’ve written about a Lance Ippolito-led service. The final two were the trading services he operates, Daily Profits War Room and Weekly Blitz Alert.
3D Profit Surge Alerts, 2 Click Profits, Sweet Spot Stocks, and Blockbuster Breakout Calendar are some of the other WealthPress services he oversees.
Weekend Wiretap, as a side note, seems to be the successor of his Blockbuster Breakout Calendar service. I’m not sure, but throughout my investigation, I found that the testimonials utilized on both businesses’ purchase pages are almost similar.
Lance worked as a professional trader at Citigroup before joining WealthPress.
His speciality, according to his profile on the WealthPress website, is earning huge sums of money in a short period of time utilizing his own trading program.
Apart than that, there isn’t much information available on Lance. I couldn’t discover any information on Rob Booker, the guy in the video chatting with Lance.
Although I recall stumbling across Rob when researching a trading business run by Markay Latimer some years ago. So he appears from time to time, and his most recent endeavor is called Hot Sheets, which he discusses on his website.
What do you think about WealthPress?
Weekend Wiretap and other trading and investment services operated by other gurus Lance works with are published by WealthPress, a Florida-based business.
They also post free material on their site and operate a free daily email newsletter called The HUB, as do other financial education businesses.
Is Weekend Wiretap a Scam or Legit?
My first response when I initially came across Weekend Wiretap was one of suspicion. Mostly because I thought the presentation’s promise about executing a “simple transaction on Friday afternoon” and possibly earning hundreds of dollars by Monday was a little aggressive.
Over the years, I’ve seen a lot of overhyped products in the earn money online, trading, and investing sector. And I’ve discovered that most programs that promise to help you earn a lot of money in a short amount of time without putting in a lot of work aren’t what I anticipated.
I’m not saying Weekend Wiretap is a rip-off. Because I declined to join the service, I am unable to comment on its legitimacy. However, I believe it is unrealistic to expect to earn regular double- or triple-digit gains every week by joining a program like this.
Also, although Lance’s method seems intriguing and may work as well as he claims, it is still relatively new. As a result, we don’t have much of a track record to go on. We only have the transactions he displays in the presentation, which are, to my knowledge, his own trades during a four-week period.
So, my argument is that nothing is certain. You may make money in the end, but you may also lose money at some time. In fact, every trading or investment service falls under this category.
In any case, you are the only one who can decide whether or not to join. In any case, I hope you found this article useful and wish you all the best in the future.