I've wasted money before, I will again :-(
I signed up for this back in late June when I started trying to learn some of the stock trading ropes and figured penny stocks would be a good place to begin, less money required = less money I can lose (yeah, right!).
The website is a lot of get rich quick hype and at the time I remember thinking it was strange that anyone worth their salt would let all their knowledge go for a one time fee, as opposed to a monthly subscription fee. It all sounded too good to be true, but I was an idiot and figured what the hell, I had wasted that much money on other things before so in the grand scheme of things it was worth the risk to try and get rich.
I have never actually traded any of his picks. I followed the first few on paper which was enough to show that the picks he came out with that weren’t totally bad at the start would open a good percentage up the morning after the email alert from where they closed the prior evening, making it hard to get in at a decent price range, and it seems that almost 80% of the time they will jump up right after the alert and then crash and burn within a couple days.
On top of that I was signed up to a lot of the “Free” stock alert sites at the time trying to see if any of them had anything good or if I could put 2 and 2 together to find out if a good stock would hit when maybe 2 or 3 of these sites started touting it at the same time or what have you.
During this time I received an email (I think it was from Momentum Hunter, but I can’t remember for sure) promising huge gains in a stock. 2 days later I received an email alert from Penny Stock Prophet about the same stock, and the email from him was the email from the free service verbatim. The only thing that been changed was the name of the service.
A few weeks ago he did have 1 pick that went up 9% if you wanted to stay in it for 2 and a half weeks, but that was the first gainer in 6 or 7 picks. There is nothing in this service worth paying for. He is a stock promoter that must be getting paid to hype these picks because I can’t see any way he could be making a living off trading them.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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