precision profitsIs this new service a scam?
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Is this new service a scam?
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
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To answer your question as to whether Precision Profits is a scam, I’d have to say, YES it is. Personally I found it to be unreliable, unprofessional, and just short of fraudulent.
Jeff Opdyke professes to have a unique trading strategy based on weather conditions, market anomalies, and a broken crystal ball. He makes wild assumptions on stocks and then leaves you to try and second guess where the price will end up. If he guesses right, he’s a hero, if he guesses wrong, his motto is; win some, lose some. I’ve never before subscribed to a newsletter where the analyst didn’t have a stop loss plan in effect before the stock collapsed. Mr. Opdyke will take you to a 99.9% loss before acknowledging he made an error in judgement. You want a great analyst you can count on, look at Porter Stansberry and/or Robert Williams.
I saw their ad and it looked promising.. the say the will give you a full refund if you are not satisfied and they guarantee 12 stocks to gain 100% or they will give you your money back and the second year free, cost $1495.00 for the year. is this true???
Hi – I can’t speak to Precision Profit System or Soverign Society specifically, and I have, from time to time, read criticisms from people who have had difficulty getting refunds from various publishers, services, etc. However, I have subscribed to many publications (Dent Research, Stansberry, The Oxford Club, etc., etc., etc.). Some I have kept and even renewed, others I have canceled, and some are too new to rate. Every time I have canceled {whether a modest amount ($49.00, $79.00, whatever) or a larger amount $1,400, etc.), provided I canceled within their contract terms (I require a minimum of 90 days or I won’t subscribe to anything), I have always, always received my money back, in full, within 2-3 business days, no hassles. They may ask you why, in which case I tell them briefly. They may try to recommend another publication, etc., but I was never pressured, at all. The process was always quick, efficient, and resulted in the timely return of my monies within a couple of days…BUT you need to make sure you request your full refund within the cancellation time frame you agreed to in the offering. Otherwise, I doubt that you have any recourse or even a reasonable expectation…let alone, a high probability of getting a refund. Finally, I’ve been looking at Precision Profit System, also, and have not, yet, subscribed. It’s not the cost. Part of it is Jeff Opdyke. I have found some of his solicitations, well, a bit salacious. It was sometime in the last year he was beating the drum on gold going to $5,000/oz or higher. Well it’s had a bit of a run as of late, I’m not seeing $5,000+ in its immediate future, and I’m sure glad I didn’t buy any at $1,900/oz. Second, I’m currently evaluating another market/stock-timing program from The Oxford Club ($1,200/year with a 6-month money-back guarantee..and I’ve only been in it one month). There’s only so much a guy can do at once. IF you have any live experience with Precision Profit System, I would be interested in hearing about it. Thanks – T
yes, please keep all of us updated on the Oxford Club!!!
The oxford club is hands down the best. been with them for over 10 years, top notch the best there is!!
Thanks Tim, very interesting , its a wicked world out there for investors / traders, please keep us updated re The Oxford Club ($1,200/year deal thanks Alan
in March 2016 I subscribed to Jeff Opdyke’s The Precision Profits System. I missed one trade he suggested, but I’ve followed his advice on BIG, CPN, DAL, DE, DKS, FUN, and SMG. In short, I am down on paper over $20,000, or 55%. Will these trades ultimately prove profitable? Who knows. But the early math clearly proves that I would have made more money trading opposite of Jeff’s recommendations. Needless to say, I didn’t last the whole 90-days trial period having requested a full refund at the 60-day point. It doesn’t appear his recommendations include an analysis of the current situation with the stock, the industry, or the macro economy.
David, I am sawry for your loss. May I make a suggestion? Join the Irregulars here at stockgumshoe.com for just One month if you like, I shall pay for it. Becoming an Irregular member at StockGumshoe is the BEST investment I have EVER made. Best2You-Benjamin
Just noticed Precision point and your comment helped me as I was almost ready to buy. Thanks
I , too, joined Jeff Opdyke’s Precision Profits on March 9, 2016, with great profits virtually promised. I bought into all of his recommendations until June 22, when I could bear no further losses. I suffered losses on every one of his recommendations but one, BIG Puts, where I made a token profit by exiting early. This was my first venture into PUT options, where I paid dearly to learn a lesson: NEVER AGAIN!
P. S. I did receive my $1495 back, even though my time had expired.
It is not a scam; however, I was engaged in this service for 3 months and my portfolio went down and down and down. Investment in stock options is risky, and anyone’s opinion is just that, an opinion. Jeff’s opinions were losers for me. I followed his advice and my portfolio continued to drop, until I eventually sold all my positions. On that day, my portfolio realized it’s first gain in months. To their credit, I was given a complete refund for my membership, but that didn’t cover anything close to the money I lost following Jeff’s advice. This program is definitely NOT a scam, but I would advise anyone reading this to stay away! The market is not cooperating, and Jeff, in my opinion, is on a terrible downswing (whether he advises puts or calls). If you doubt me, ask him to show you his stats since April 2016. Let the buyer beware….
I joined in March and placed equal $ amounts in eight trades. the first two expired as worthless. The next five are all under water, mostly deeply. Whatever system he used to achieve the claimed results which caused me to try the service, doesn’t appear to work in the current market environment.
I did receive a refund as requested, which cuts me off from any new “sell” directives, however, I was hoping to get back SOME money on the deal. Giving Jeff the benefit of the doubt, I guess I came in at the wrong time, but 8 for 8 losers is a more-than-fair test.
I joined Precision Profits on March 9, 2016 after reading Jeff Opdyke’s glowing reports. I had not traded in options previously and paid dearly for the education. I followed his every recommendation from March 9 until June 22, when my retirement portfolio could bear no further losses. He did refund my $1495 membership fee, even though my guaranteed refund date had expired, but the $1495 paid for about 5% of my losses. I enjoyed one tiny win out of 14 investments. I would have fared much better joining Trump Academy.
You and other’s would be much better off having an Irregular membership at stock.gumshoe.com, imho. Best investment ever made; best site on the planet for retail investors. Best biotechnology forum on in the world via #ZKSS http://www.stockgumshoe.com/author/dr-kss-md-phd/ Thanks Travis and Dr. KSS, MD, PhD. Best2All ~ Ben
Total SCAM!!! Beware unless you like to lose money!!! he doesn’t have a clue what he is doing!!!
NEVER JUMP IN LIVE TRADING FROM ANY SYSTEM BASED ON THEIR INFO SEMINAR OR MARKETING VIDEO/MATERIALS, ALWAYS PAPER TRADE FOR ATLEAST 6 MONTHS AND ALWAYS SUBSCRIBE THEIR FREE PERIOD OR ONLY IF THEY HAVE MONEY BACK GAURANTEES.
You’re advice is quite sound. Hindsight is 20/20 and I wish I had used the trial period to make virtual investments. I’ve learned my lesson.
Do NOT subscribe to Precision Profits unless you like losing money.