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Charles Payne's market commentary
 
 
 
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Worth Considering
I recently subscribed to their 2 week free swing trade service and liked the results from their stock pick recommendations. Out of about...
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Mostly interested in taking your money
I had an aggressive sales rep make promises that ultimately weren't kept. When I pressed them about it, they entertained my calls and emails for a little bit, but ultimately brushed me off about the the facts that would, in any other business, more than merit a refund. I'm out over $8000 with them because of mishandling and broken promises. They're more interested in taking your money than running an honest service. AVOID.

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do your research
these folks have a history with the SEC. steer clear.

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Worth Considering
I recently subscribed to their 2 week free swing trade service and liked the results from their stock pick recommendations. Out of about 15 stock picks, only one was under $1, the rest ranged from $5 to $40, high beta stocks. I was impressed with the results as long as you honor your stop loss. The subscription is a bit high at $4000/yr or $1200/qtr. I do plan to consider to join because in that two weeks it paid for itself worth 2 month service.

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Not good!
Good thing I did read the reviews about Charles Payne and his website. For a second the website did look decent until I found out about Charles's run in with SEC and to find out he is a stock promoter. The website would have done maybe fine if he was a legit person. Honesty will take you to way better places.

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Worthless Market Commentary from a Bad Stock Promoter
Let's pretend for a moment that you didn't know that Charles Payne was unethical stock penny stock promoter who has been fined by the SEC

Let's just say you only know him from Fox News and this website.

Guess what? he still sucks.

First the Wstreet website. Looks straight out of 1997 aesthetically. Ugly html coding and nasty font. With the weirdest scrolling ticker bar that I've read seen. (instead of tickers it's one long rant. Or whole news bit. Wayyyyy too much text)

Not a site I'd want to trust any sensitive information to, also the commentary I have read on there is heavily politically emotional. It reads more like political propaganda commentary than a source of trading ideas or objectiveness. So it's essentially paying to read Fox News (which is free btw).

most of the other commentary is pretty vapid. some of the tech articles read like press puff pieces. Some of the others are in fairness a little better but none say anything you can't get with better quality elsewhere.

So no thanks.

Now let's look at Charles Payne the market commentator.

Remember those "Peter Schiff was right" youtube vids? Guess who was one the morons pooh poohing him about bank stocks?

see for yourself at 5:42 and 6:40 and 8:36

http://www.youtube.com/watch?v=2I0QN-FYkpw

yup you guessed it Charles Payne. The worst is over! yup nothing bad happened to financials after 8/17/2007 , yup nothing at all. Yup the automarket and unempploymnet bounced right back! Yup unemployment never topped 4.5%!

And he recommended Wamu and Bear Stearns as his top plays! Not in one segment but two! Are you effing kidding me?!!!

Unfortunately for Mr Payne most of his other commentary on Fox sounds like a Roger Ailes memo or some pretty horrid stock picks.

so no go there either.

But none of that really matters when you consider the fact that he is unethical scum

http://www.timothysykes.com/2009/12/fox-news-charles-payne-sec-rebuke-scumbag-proof/

I want my ten minutes back I spent on Wstreet

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Owner Has Run Ins With The SEC
As I blogged about previously, FOX News' Charles Payne who owns WStreet, and other WStreet execs, have been fined hundreds of thousands of dollars for stock promotion and failing to disclose they were compensated to pick stocks...not to mention leaving stock via voice mail

I have written extensively on how Charles Payne is a paid stock promoter and the questionable price action of all his picks and he has yet to complain after several months...I even tweeted him and emailed him for response...no response...that means I am 100% dead on...be very careful with those who have settled with SEC in the past, they're even scummier than the typical wall streeters

http://www.timothysykes.com/2009/12/fox-news-charles-payne-sec-rebuke-scumbag-proof/

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