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Reviews and commentary posted on this site by readers represent the opinions of those readers, and such content is not edited or approved by Stock Gumshoe. Review submissions are moderated to prevent the posting of offensive, unrelated, or spam commentary or reviews, but there is no guarantee that our moderating process will catch all such submissions. Reviews and commentary do not represent the opinion of Travis Johnson or Stock Gumshoe. Reviewers of newsletters and services represent themselves as current or past subscribers or users of those services, but no effort is made to verify their status or the substance of their experience. If you are concerned about the accuracy of the information about any newsletter or other content on this site you are encouraged to contact Stock Gumshoe. Presence or absence of a review, or the ranking, is not determined or influenced by any advertising relationships with newsletters publishers, but links to particular subscription offers for specific newsletters are usually placed as a result of an advertising or affiliate relationship. Please see below for full disclaimers and privacy policies.
2 Subscriber Reviews of Penny Trends
Review by Tampat, September 28, 2009
Penny Trends, Stansbury & Associates, Tom Dyson and Brian Hunt
They offered a 3 month trial for this new service, must pay 10% of $900 annual fee if cancelled. Their plan is one update via email per week. They did not always have a stock to recommend. The theory is not to take profits, set a 25% stop loss and ride it until you are stopped out. And of course, after the initial spike they drift back down and you get stopped out at a loss.
This newsletter is in the process of figuring out what it wants to be. It began as one that would recommend a small, low priced stock. But of course the price would spike as soon as it was rec’d and one couldn’t get into it unless you wanted to pay a premium or wait for it to come back down.
After a while the stocks they rec’d became higher priced, much higher. but still thinly traded.
Then they started recommending selling stocks short.
Then they started recommending multiple low priced stocks, up to 4 in an update, so hopefully you could get into at least one of them.
Then they got into ETF’s and higher priced high volume stocks.
Lately the theory seems to be to watch for a sector ETF to break out to a new high then they rec some low priced stocks to buy if the ETF breaks out.
Ok, if they were good profitable rec’s maybe it would still be ok. But geepers, if a service cant make profitable rec’s in a screaming bull market like we have had since March, I have to ask, what is their problem?
In all fairness I did make a small profit from the service but I did not follow their advice, instead I cashed out sooner and I did not enter into all their rec’s.
I did receive my refund with no problem, minus the 10% ($90) of course,
Review by really, September 29, 2009
Penny Trends from Stansberry & Associates, Tom Dyson and Brian Hunt
Another losing investing newsletter that doesn’t deliver. I subscribed to this when it was offered to the public in June 2009, and got out within the 90 day trial period, by which they kept 10% of my subscription cost. Not only did they not deliver, but after a few losses, they digressed from their touted guidelines as set forth for their equity picks, only to dig a deeper hole. It gave me the feeling that since the original premise wasn’t working, they went floundering around with a couple other approaches, some not even in small cap equities. Specifically, their promotional “bait” referenced their access to a proprietary computer program that culled significantly rising volume in uptrending small company stocks in hot industries, using the terminology of EBS, or electronic blue sheets. Moreover, whereas they stated that a couple of days could make a big difference for getting in, their recommendations were to be made once a week (even that changed to hold offs, but never early rec’s). Several of their selections had short lived volume spikes that preceded their recommendation, with a second spike at their recommendation, followed by a sell off. Many had pullbacks hitting stop losses. When things weren’t going well, they unsuccessfully tried an ultrashort ETF (SMN) and then two shorts (SFD, KWK) that didn’t work in their time frame. So, at the time I got out, not only had they morphed into something different than advertised, their net losses were mounting. If it continued in the same direction, I wouldn’t be surprised if they terminated that newsletter, having it resurface under a different name with a clean slate, something I’ve seen other services do.
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