Description
Long-standing microcap/penny stock newsletter, picks only stocks under $5 that are listed on the major US exchanges.
Overall Rating
Rating: 4.5/5. From 15 votes.
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4.3
Rating from 37 votes
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Investment Performance
Rating from 11 votes
Rating: 3.7/5. From 11 votes.
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Quality Of Writing/Analysis
Rating from 6 votes
Rating: 4.3/5. From 6 votes.
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Value For Price
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Rating: 4.8/5. From 5 votes.
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Customer Service
Rating from 15 votes
Rating: 4.5/5. From 15 votes.
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Global Penny Stocks at http://www.pennystock.com/ has been online since 1996, and picks stocks trading at under $5.00 that are listed on the NYSE, NASDAQ, and AMEX. No pump and dump of crappy stocks here.
He releases 2 new picks on the 5th and 20th of each month, for a subscription fee of $89 for 2 years. In the free intro section he discusses his methodology, and his track record from 1997 to present.
It is a fairly bare bones newsletter that you check online versus having e-mailed to you. He forecasts the sell or close price out at 24 months from release, and in his track record that is the date (2 years) he uses to evaluate the success or failure of his picks. He does close some picks (both sucess and failure) early and advises on these on his release on the 5th and 20th.
I have been a subscriber for only one month. He seems ethical and is honest on his failures as well as successes, and the price is right at $89 for 2 years. However there is no hand holding or regular contact- somewhat a bare bones operation.
Just in case recent subscribers view this, I thought it appropriate to point out the author of this newsletter was sued by SEC for not fully disclosing that he received significant “fees” to push a penny stock (google George Schleiben). Also, I looked at the website and checked the reviews listed. Everyone one of them is old, from 1990s to 2005. It would seem a newsletter that claims “70% OF OUR CLOSED POSITIONS ARE FOR GAINS OF 50% OR GREATER”, would have more recent super-positive reviews. Sounds like a scam to me.
Any further update on this one, was considering it.
Seems this newsletter no longer exists. No performance chart for 2020 and when you click on ‘subscribe’ – a message states no longer accepting new subscribers. ::shrug::