Great Writer, Not So Great Stock Picker
Jon is a great financial markets writer and has excellent and deep fundamental and technical research to back his picks. I subscribed for about 120 days and finally canceled the service after realizing that his long and short picks (which in fairness included a span of two market corrections) usually followed a recent uptrend in a stock or a lagging sector which was expected to turn up. By the time you got to them, the trades seemed already crowded, in a fake-out upturn, or near the end of their runs.
While I had a couple of profitable trades, the majority were losers or were stopped out too soon right before they resumed their uptrend (stops were too tight). There are option trades that expired worthless (to be expected) and Jon has switched to daily updates, but some days his writing seems hurried, forced and not deeply researched. In some cases, trades should have been cut short due to adverse news (e.g., he recommended Trina Solar as a pick two days after Jim Cramer told his audience to get out of all solar stocks-that one lost 16%). Jon seems to be very busy with his writing (he writes the Strategic Advantage as well, a longer term investor newsletter) and presentations, so the website is often not up to date with the picks, status indicators (buy, sell, hold, short) are outdated and there are no intra-day updates or flash alerts to help traders. Sometimes trades that were stopped out showed up as "buys" on the website for days thereafter. Some swing trades stopped out on the same day with 8-10% losses, obviously not his fault but certain trades should not be recommended during market corrections. Sometimes Jon did not comment on certain losing trades for days or weeks even though some had 20%+ losses (e.g., a short on J Crew during a market uptrend).
In all, Jon is a great financial writer, but not so great stock picker or market timer. I had 30 days to get out with a full refund, but ended up subscribing for a total of 120 days to give him a fair chance. There were far more losers than winners here, so I did not renew.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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