Author/Editor
Thompson Clark
Publisher
Agora Financial
Description
Looks for winning microcap penny stocks, often extremely small. Seems to have replaced Penny Stock Fortunes at Agora Financial.
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PENNY STOCK FORTUNES, Agora Financial
Like many of us, I try to learn from my mistakes, and this was one of ’em…
Subscribed for a year, and granted, while it may have been one of the “worst” years for the stock market, someone claiming to be a “financial or investment advisor” should be able to produce regardless of the situation… that’s what it means to be a “professional”.
All one need do is review their current open positions to see that they failed miserably at their job. As of the December, 2008 issue, twelve losers for 2008 and nine losers for 2007, out of twenty-four picks, the smallest loser at 5.05% and the largest loser at 97.5%. The largest gain (in this group) 2.53%. (In all fairness, there were several stocks sold for a profit in 2007 and 2008, but this is the CURRENT portfolio…)
It was a educational tool for me and I made no money from their reccomends or the multiplyer.
Don’t get me stated. PENNY STOCK NEWSLETTERS Stay away unless you have a need to feel generous to the market and donate your money so you can have a tax rewrite off. That’s all you get with these letters is tax write off so give to a worthy charity instead.
well it was a couple of years ago,they had some hits and misses,nnothing great. You just have to be really lucky and plop a pile of cash on a winner and not pick any of there losers.We can all do that on our own now couldn`t we? Or in my case,didn`t we? Good luck traders
I recently subscribed to PSF,am new to investing and saw an opportunity for someone else to make my picks for me.I am very disappointed at the prior picks they included in my packet.Someone that calls themselves an “advisor” should get it right in a bull or bear market.I have been paper-trading so far and am not impressed.I guess you learn from your mistakes.
Penny Stock Fortunes, Agora Financial
I have subscribed to this newsletter for six months ($79/yr). Once they got my email, I am being blasted daily by four or more emails: penny stocks, Agora Financial, Whiskey & Gunpowder, and The Daily Reckoning. Of course they guarantee to refund the money if you don’t make money. After several of their picks failed I stopped investing in their penny stock picks. On page 8 of the March 09 newsletter they printed a list of 30 picks: Only 3 were in the plus % column. The rest (27) were all negative percentages and all but 4 were DOUBLE DIGIT NEGATIVE PERCENTAGES! I had invested in WSI and lost about 20%. It is now down 40%. The only penny stock I invested in recently that is actually holding up is FORC (and I picked that one, they didn’t). I followed their big advertising push for General Moly (GMO) and good thing I didn’t invest, because it is currently down 83%! My advice is: Unless you have lots of extra cash and you are a member of Gamblers Anonymous, DONT INVEST IN PENNY STOCKS.
Rip off… they reco a whole lot of losers..
Name Symbol Entry Date Entry Price Current Price Return Percent Description
Javelin Pharmaceuticals JAV 02/20/2009 1.20 1.10 -8.33 Buy up to $1.75
LoopNet Inc. LOOP 02/20/2009 6.35 5.77 -9.13 Buy up to $7.10
Dollar Financial Group DLLR 01/13/2009 8.81 7.50 -14.87 Buy up to $11.00
CarMax, Inc. KMX 01/13/2009 7.36 10.16 38.00 Sell your shares.
Terex Corp TEX 12/16/2008 17.47 9.96 -43.00 Sold in 2/12/2009 Alert.
Dick’s Sporting Goods DKS 12/16/2008 13.69 13.71 0.15 Buy up to $16.00
Coventry Health Care CVH 12/16/2008 12.78 10.99 -14.01 Buy up to $14.00
Soapstone Networks SOAP 11/20/2008 2.15 2.50 16.00 Sold in 2/12/2009 Alert.
Globecomm Systems GCOM 10/17/2008 8.25 4.88 -40.85 Buy up to $9.00
Sierra Wireless SWIR 10/17/2008 8.14 2.71 -66.71 Buy up to $8.75.
North American Galvanizing & Coatings NGA 10/17/2008 3.56 2.71 -23.88 Buy up to $4.00.
Warren Resources WRES 10/16/2008 5.67 0.90 -84.13 Buy up to $6.00
General Moly GMO 09/18/2008 4.82 0.82 -82.99 Buy at current prices
Northern Technologies NTIC 08/25/2008 12.00 5.50 -54.17 Hold. Recommended in the September 2008 Issue.
Waste Services Inc. WSII 07/16/2008 7.64 4.33 -43.32 Buy shares of Waste Services Inc. up to $7.64
Dendreon Corp. DNDN 05/16/2008 5.35 4.05 -24.30 Hold
Immersion Corp IMMR 04/14/2008 7.62 3.18 -58.27 Buy up to $8.05.
American Oriental Bioengineering AOB 04/14/2008 8.35 3.88 -53.53 Hold
Actuate ACTU 03/14/2008 4.02 3.31 -17.66 Hold
Maxwell Technologies MXWL 02/21/2008 8.98 5.52 -38.53 Hold
Isilon Systems ISLN 02/21/2008 5.45 2.12 -61.10 Hold.
FuelCell Energy Inc FCEL 01/17/2008 8.48 2.61 -69.22 Hold
Arena Pharmaceuticals ARNA 12/21/2007 8.17 5.09 -37.70 Hold.
Anesiva Inc. ANSV 12/21/2007 4.40 0.24 -94.55 Sold in 11/11/08 alert.
Coeur d’Alene Mines Corporation CDE 11/23/2007 4.18 0.65 -84.45 Buy at current prices
InSite Vision ISV 10/15/2007 1.20 0.17 -85.83 Hold. Recommended in the November 2007 Issue.
Silicon Image Inc SIMG 08/30/2007 5.70 2.20 -61.40 Hold your shares.
Arrowhead Research Corp. ARWR 08/22/2007 4.92 0.41 -91.67 Buy up to $5.15. Recommended in the September Issue.
Xoma Ltd. XOMA 07/26/2007 2.25 0.38 -83.11 Hold.
AudioCodes Ltd. AUDC 05/16/2007 5.65 1.09 -80.71 Buy up to $6.50. Recommended in June Issue.
LivePerson, Inc. LPSN 02/16/2007 6.06 1.68 -72.28 Hold.
Just dropped my subscription after 1 year. At $29/yr it’s still too expensive. Their track record speaks for itself, about 90% losers. I basically read the thing but only bought a couple of their picks, both of which I was quickly taken out of with a stop-loss. I really don’t understand why this newsletter is still in business?
Maybe I just lucked out with my timing, I just started my membership at the end of Feb 09, and invested in a couple of their rec’s. I bought JAV @ 1.18 and CDE a week or so later @ .67. Neither of these picks have let me retire, but they are both up over 20%. I’m just glad that I didn’t start subscribing a year ago, my opinion would definatly be different.
How many 80% to 90% losers can you have before you stop publishing a newsletter. Cost me a lot of money. Don’t touch it.
Oh my! I eventually dropped PSF like a hot potato earlier this year, after just about every recommendation of theirs (that I bought) was a big time loser. Interesting to see that most of the rest of you are in the same boat. For some reason I’m still receiving their recommendations, but am staying far away! I also have a bone to pick regarding their marketing. They market based on absolute best case scenario and, well, I confess, I got greedy and lost!
I suscribed almost a year ago. I agree with other readers that their batting average is dismal, not only in absolute terms, but compared to other low-cost stock newsletters, like The Bowser Report and the Cheap Investor. Also, PSF was withdrawing recomendations from stocks only a couple of months from been recommended. This raises doubts in the quality and depth of their research. And what annoys me the most is that almost all their new recommendations in the last months are of stocks with entry prices up to $15.00 and more. If they can’t find good stock selections in their chosen field of expertise (penny stocks), then must stop to pretend that they are a penny stock newsletter. I had not bought any recommendation: when I had decided to buy one, they decided first that it is not a good choice anymore. I am not going to renew: will continue with Bowser Report or start Cheap Investor (received a trial and had a good impression).
Penny Stocks? None… Fortunes? Nope…
I don’t get it, apparently neither do they.
subscribed in sept. 08 read everything, did some research, on 12-1-2009 bought cde @.58–jus did a reverse splt 10-1, price today was 13.93 so i’m up pretty good. also bout gmo same day @ 1.02, closed today @ 2.79. not real impressed with other picks. very disappointed that so many of their picks are well above $5.00 share. don’t plan on renewing. i think i got lucky on the timing. also, they are slow answering e-mails, and somtimes go home early-supposed to have customer service 9-5, called @ 3:15 no answer- went to answering machine. called today and hey admitted they all went home early–not very professional. will keep researching other newsletters–love the gumshoe, will become an irregular soon!
This one gets a 5 star for consistency – consistently bad. Horrible, horrible picks with no regard for valuation. I should have shorted the stocks they recommended. That would have been a great money maker. What a loser of a newsletter. DO NOT BUY.
Penny Stocks it is not. I was looking for something in the line of stocks less than $5.00 all the time. Of course I also have seen their 90 per cent losing portfolio. But one of my biggest gripes is the incessant marketing by Agora Publishing. I am dropping everything I get from them and trying to get them to stop all the marketing to me.
These guys at Agora, all of them are what I call SCAM ARTISTS. They have also managed to suck in a lot of foreign retail investors like me. I am a 27 year old investor dealing in most global markets for the last 5 years and I have been pretty successful.I have subscribed to Penny Stock Fortunes and Bulletin Board Elite and it is a good thing that I stopped buying their recommendations after I suffered a loss from their first 2-3 recommendations. Bulletin Board Elite advertises a 30day retirement plan which claims that one can become a multi-millionaire (they have used the figure of $14 million in the ad) just by starting out with $500. It is foolish to say so but nonetheless some retail investors in places like Dubai and India (since these people are my friends) have subscribed to the services and are sitting on heavy losses.
Both, Penny Stock Fortunes and Bulletin Board Elite are by this Greg guy who in my opinion is a big cheater and so is the team behind Agora Financial.
Subscribed about 8mos ago. Made much more money on the competitors of the stocks PSF picked than the ones they recommended. Their forum has some good ideas from other slobs like me, but one has to endure the Agora onslaught of unwanted e-mails and “pump and dump” come-ons if one has anything to do with anything from them. They also seem to recommend stocks after they have made initial run-ups. Further, they rarely pick stocks valued at less than $5 per share. This was a learning experience.
Stay out of this newsletter. They have recommended companies
such as GDVE which was actually a fraud company and eventually
shut down. I think this newsletter gets money from penny
stock companies to pump up their stock so that insiders
and dump their stock.
Interesting notes above. All lost money in a financial meltdown. AWRW bought at .58 now at $1.31. Not a horrible return. They haven’t all gone this way but why blame them? If you buy into the hype perhaps the mirror is the better place to voice your frustrations.