Peak Velocity Newsletter

By leesal, March 21, 2017

Banyan Hill Publishing (James Dale Davidson, Paul Mampilly, J L Jastine among others) is promoting another newsletter … Peak Velocity…Allegedly a Michael Carr spent 10 years and $300,000 developing his software program that will give subscribers 2-3 recommendations per month of stocks ready to explode. The idea is to buy high and sell higher .. momentum plays. Carr tested his program with 7 beta testers … they made 1,191% profit in two months buying call options on recommended stocks. Now we get to subscribe for $2,995 provided we’re amongst the first 1,000 subscribers.

I almost went for it but had reservations when I learned the guarantee did not refund my dollars if not satisfied, but only gave me the option of applying the money to another Banyan Hill newsletter. Further, the service may have been great for 7 testers, but what will happen to those option premiums when 1,000 subscribers all place orders on the same options?

Ugh!!! Lee Salisbury

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88 Comments on " Peak Velocity Newsletter"

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Maggie
Guest
0

Interesting you say that. I liked what he had to say, but am wondering what would happen. I also thought you got your money back if you weren’t satisfied.

wayne Leslie
Guest
0

No refund at all even after multiple losses. Stated 70% success rate, more like 0.002% success rate. Mick can sure pick out the looses…loss after loss after loss and even manages to pick 3-4 100% losses.

wes pickett
Guest
0

I think you would do very well by taking the opposite position of his recommendations.

popa
Irregular
1

Although the 1,191% sounded fantastic, it is grossly overstated. They added up the individual percentages and came up with 1,191%. The actual gain was closer to one fifth of that assuming that many of the trades were simultaneous, not serial. I think I will stay away from anything like this that misrepresents itself.

wayne Leslie
Guest
0

My sentiment itself. Way more losers than winners with no returns

R R F Hoffman
Guest
0
I have tried to keep up with the posts that apply to Banyan Hill, since I’ve been subscribed to three of Paul Mampilly’s news letters (cost me$5,400). This is the first post (besides my own) that points out the pseudo math that’s used to obtain their gains. They simply add up the gains and losses for stocks still held in the model portfolio. All the writers are intelligent, and have years of experience in financial matters, so they know exactly what they are doing. They spend a good deal of their time & effort as Salesmen. Mampilly just sent me… Read more »
frank_n_steyn
Irregular
45

Don’t trust anyone who uses percentages instead of real numbers, you’re being gamed. Example, $1 increases to $2 is a 100% gain, and $50 to $25 is only a 50% loss, so you can claim you are up by 50%, despite having a massive hit to your portfolio.

dallen124
Member
0

The Peak Velocity Marketing blurb is very compelling!
However, when you try to do further research on Michael J Carr nothing much comes up. I mean the man is a genius and I would have thought there would be loads about him via Google.
At $ 2,995 with no money back guarantee and just a promise of another years subscription if things don’t work out it seems like a big risk.
Does anyone know anything about this system or even better has tried it and has success!
Look forward to comments.

wayne Leslie
Guest
0

I joined from the initial beginning. Just about all losers, now he is telling you to grab 0.15% if it happens to come up. Stay away or go broke very soon following his recommendations.

Gary Eley
Guest
0
I just listened to the presentation. Michael has 4 rules for finding Peak Velocity Stocks: #1 the Market has to be trading above its 200 day average (if the opposite is true the strategy is to buy puts on falling stocks/ all of his rules are reversed in a down market) #2 the stock has to be within 1% of its 52 week High. #3 the RSI on the stock has to be above its 26 week average. #4, the 5 Day RSI has to be above 70. So when all four of these conditions exist, you can buy call… Read more »
Michael
Guest
0
I’m so glad I found this site!!! I also was ready to take the 3K plunge but decided against it when A) Nothing can be found about Michael Carr results from Peak Velocity except from the beta test B) Why is the guarantee not a “full refund” but just an another year of service. If the program doesn’t provide results adding a free year of service is not going to help. I would love to hear from anyone that has invested in Peak Velocity and has had either good or bad results or has more information about Michael Carr’s track… Read more »
wayne Leslie
Guest
0

This is a looser from the beginning. He boasts of a winning ratio about 70%, WRONG. Should be about 0.01% – 0.02 % winners with 98% losers. Try for yourself. # or four recommendations suddenly lost 100% within a couple of weeks wirthourt warning. His 4 point system is a dud. with no refunds

DSipp
Guest
0

I really want to believe this is true. But I agree with other comments. No mention of Michael Carr any where on the Internet except Banyan Hill. And no testimonials anywhere but Banyan Hill. I would suggest that if one could get a 3 month trial at a much lower price, I would sign up. At 3-5k, can’t buy in.

Bob
Guest
0

If it was that good, he should sell it for less. Big price item, beware. Some people will not realize it is about options.

jlaughlin10
Member
1
I have been trying to do my due diligence on this, but have had a couple of trusted advisors tell me to stay away from it, although they did not personally look at the program. I think all of us want it to be true. Maybe he has discovered a more reliable way to select companies primed to hit peak velocity. It also concerns me that they are pressuring us to sign up by midnight 3/29/17 or the service goes away. It may be another example of ‘if it is too good to be true, it probably is’. And, yes… Read more »
Gary Eley
Guest
0
I would strongly advise you to resist this “opportunity”. Upon examining the 4 rules and the formula “Code” that Mike lists in the presentation I concluded that the rules and the code do not always work. Essentially, you are buying a stock at its all time high and expecting it to go higher. The chances of that happening in the near term are not 50/50, in fact, usually there is a pull back when a stock hits an all time high. The reason stocks go higher is because they have consistently good earnings reports on increasing sales. These two together… Read more »
R R F Hoffman
Guest
0

Thanks for your post Gary. I have made some gains by investing in stocks that were soaring. but I would sell my shares right away. I
lost money, when I got suckered into a “pump & dump” scheme for cheap stocks. I watched part of Carr’s video, but didn’t realize it was for option traders, which I am not, nor do I have any interest in becoming one.

Meche
Guest
0

Great comments and totally agree with all of them. Same experience here, the price is to high and it seems to good to be true. Nothing comes out about Michael. I am glad I found this chat, that confirmed my opinion.

ROY VILLANUEVA
Guest
0

If he collects 3000 from 1000 people that’s 3 million dollars. If his system is that great he would more motivated to let people have it for a lot less. Now they are asking for another 200 people to sign up. This is a scam, and nothing is guaranteed. If he is so positive, money back guarantee should apply. STAY AWAY!!

Gary Eley
Guest
0

I agree, I have been following his recommendations on his less expensive Program and he is batting about 60% on his recommendations going up. He seems locked in to GE and IBM on his normal newsletter and they are not doing well.

Donald J
Guest
0

Hi Gary, you are talking about a different guy, Paul Mampilly, who has actually sold IBM and GE in the last few weeks. He has recorded a gain of 40% over the last 11 months or so with a lot of these stocks held only a month or two. The justified criticism is with another guy, a Michael Carr of ‘Peak Velocity’

R R F Hoffman
Guest
0

I subscribed to Paul’s excellent newsletter Profits Unlimited two months ago. He only made a 6% gain with IBM, and a 4.4% loss with GE. I was surprised about GE. They were investing in the Information of Things, so I don’t fault Paul’s
judgement on them . Immelt deceived his stock holders, and
him, and others should be bought up on criminal charges.

hip3434
Guest
0

Yes, I too backed out of this opportunity. Too much risk so I wanted to hear from anyone who is trying or testing the system to see if it is working. If there are no big losses, then these boards might stay quiet. Hopefully, it is working out for everyone. I just hate options services that you have to “rush to the door” to get the right buy in price.

Simpson
Guest
0

I joined his service and Put 5k in to hpq……This was my first trade….I closed the trade for a 45% gain in two weeks….almost made my money back immediately

LLK
Guest
0

How did you do that? I also subscribed and we are still in HPQ from what I understand. Did you close on your own or on Carr’s recommendation?

RKS
Guest
0

HPQ closed at 100% loss.

AnyoneSeenMyShip
Member
2
Tommy Boy I bought the PV service when it was $2997. My first 5 trades weresmall but they were all losers. I lost almost the full 3k cost in the initial trades. Then I started modifying the game a little. I watched each alert and when they went down, (an unfortunately consistent pattern), I bought at a lower strike price. That was working well until the Lowes PV alert. Anyone remember when Lowes went down about 10% after hitting Peak Velocity? I kept buying lower Strikes until they all expired worthless. I called for a refund and took the credit… Read more »
Just Say'n
Guest
0

Do you have a point shipless!

AnyoneSeenMyShip
Guest
0

My point is, if you choose to buy Mike Carr’s Peak Velocity, you should plan to buy at lower strike prices. However, I suggest you don’t buy PV, especially since they have raised the price to 5k.

letstrade
Guest
0

The Peak Velocity system is not doing too good right now.

Ronald Newcomb
Guest
0

OK, I fell for it.
literally suggested 1,200% in two months by eliminating losses and adding individual gains together as if they were 1) all-in with your portfolio, and 2) sequential. Neither is true, most trades you cannot make, and then more than half lost, and the guarantee is, “if is doesn’t work we’ll give you another year that doesn’t work.”
Go to your credit card and get the money back, this is blatant fraud.

LLK
Guest
0

I agree. Although I don’t think you can get your money back.

Ray
Guest
0

Ronald, I fell for it too. Were you successful in getting your money back through your credit card? Thanks.

E Kennedy
Guest
0
bought into but after 4 weeks and executing 2 call options, one expired worthless in 3 weeks and the other, which expires late July, is teetering on a repeat Because the market seems to be plateauing, Calls seem to be too high a risk. Likewise, because there’s no downward trend either, Puts will not be advantageous either. So, yes … maybe over the past 8 years (during the climb), it was easy money, but not now. When I cancelled, they refunded my original lifetime $2,995 subscription but would not refund the additional $2,995 subscription. That additional amount was applied to… Read more »
george
Guest
0

STAY AWAY STAY AWAY I was here from the begining.I was told to put 20% of your money in each trade.I did it exactly as told.I did the trades at the prices he stated.All losers (lows,hpq,wdc, V ) all losers.Down 77 % on my trading account as of this morning.I am retired trying to make some extra money to make ends meet.I had 5 amid figure account now in the teens.I am new at this I sure learned the hard way.

VSK
Guest
0

I share your pain from within the same boat!

Keith
Guest
0
Yep, Michael Carr’s picks were abysmal and he is awful at recommending exit points when one is clearly failing to at least save some money. I lost a ton of money here experimenting with options. Went back to making my own picks and up 50% again on my accounts. MM’s will manipulate stock options based on how many call/puts are made against a stock. I believe the only way to win with options is to find your own picks and not follow the crowd. MM’s will always rip off dumb money. E-mail Michael Carr and tell him what a dreadful… Read more »
Keith
Guest
0
Here is the portfolio and note all the losing positions, you have been warned. There have been a couple of winners but the vast majority are losers. ePortfolio Centene September 2017 $72.50 Calls CNC170915C00072500 06/15/2017 $8.45 $11.55 36.69% Buy up to $8.60 Centene September 2017 $72.50 Calls CNC170915C00072500 06/15/2017 $8.45 $0.00 $12.70 50.3% Sold half position on 6/23/17 Coach August 2017 $43 Calls COH170818C00043000 06/27/2017 $4.86 $5.40 11.11% Buy up to $5.20 Eaton Corporation October 2017 $77.50 Calls ETN171020C00077500 07/06/2017 $3.75 $5.01 33.6% Buy up to $4 Fortive May 2017 $60 Calls FTV170519C00060000 04/03/2017 $2.40 $0.00 $1.84 -23.33% Closed position… Read more »
MoonLight
Guest
0
I knew Michael Carr and his system was a piece of sh*t, just from the fact they were SO desperate for membership. I think Chad Shoop’s Earnings Drift is probably horse sh*t too. They have the audacity to try charge $4000 with no refund when he has not even proof himself yet! His Automatic Profits service is awful. He picks the worse stocks and his timing for entry is even worse. Even stock that he picks drop like 5%-10% within a week! Out of the last 12 stocks that he recommended, only 2 came out on top! Does anybody know… Read more »
Ron H
Guest
0
OK, here’s my 2 cents: I am a professional financial advisor with over 45 years experience in seniro bank management and investment advisory. I never bothered to learn to trade options during my career, so I joined up with Carr’s Peak Velocity program along with another one with Jim Rickards. Once you get the hang of it (it is a learning experience), you definitely can make big profits in a short amount of time. That’s what my goal is with my at-risk money. Of course you can lose them too. Since March, I think Carr has just had the markets… Read more »
Ron H
Guest
0
Sorry, I should have also mentioned that I tweeked my buys to open and sells to close to take profits earlier and to cut losses sooner, plus also added to positions during weakness in prices. I know Carr started recommending to sell half of the position when +50% to lock in profits and guard on the downside. I do believe he needs to be more on top of it to exit sooner if it looks like the trade will expire worthless. Yep, the program has gotten off to a rocky start so far. This is strictly for risk money –… Read more »
Ron H
Guest
0
Sorry, I should have also mentioned that I tweaked my buys to open and sells to close to take profits earlier and to cut losses sooner, plus also added to positions during weakness in prices. I know Carr started recommending to sell half of the position when +50% to lock in profits and guard on the downside. I do believe he needs to be more on top of it to exit sooner if it looks like the trade will expire worthless. Yep, the program has gotten off to a rocky start so far. This is strictly for risk money –… Read more »
duped
Guest
0
Your strategy Ron to get out when you “feel it” is the only way you can make money with Peak Atrocity, peak velocity losses. I never traded options before and, yes, it has been a learning experience. I have been hurt bad by this service. Carr’s market analysis is of no interest to me. Charts and graphs have their place but results is the name of the game. By my count there has only been one winner and about a dozen losers following his trade instructions. One of the research outfits claims buying and selling calls by themselves lose 70%… Read more »
Ron H
Guest
0
Yep, you are right in your observations. If strictly following Carr’s advice (which I have to believe many are), you are getting clobbered. Fortunately for me, I have my own gut feeling, ideas, other research to use to make some adjustments to my trades or even pass on the recommendations. I am fortunate to be able to use the subscription expense as a non-reimbursed business expense as it relates to my profession. The Peak V program at least made me take the leap to learn how option strategies work without putting up large sums of money. This surely is not… Read more »
MoonLight
Guest
0

Does anybody subscribe to Chad Shoop’s Pure Income or Earning Drifts? Just wondering what they are like. I subscribe to his Automatic Profits and it is really garbage material. Like the last 14 stocks that he picked, only like 2 or 3 actually came out on the + side. He picks the worse trade and he enters at the worse time….. Hope he does better with his other services. I don’t think it can get worse than what he is doing right now with Automatic Profits.

RKS
Guest
0

I did OK with Pure Income. I kept the number of options sold low as you’re on the hook if you get put the stock. Ended up being put the stock on 3 of 19 transactions, but was able to sell each stock in a short period at a gain or break even.

R R F Hoffman
Guest
0
I’ve made a few posts that mention the additional worth of subscribing to a newsletter. Traders can learn from the newsletters. Each writer has their own perspective on the Market. Many subscribers fail to do their own research, and they foolishly rely entirely on the information that’s given in the newsletter. I find each newsletter to be well written, informative, and can be profitable with “due diligence”. It also helps an investor to decide which sectors he’s interested in trading in. Option trading sound interesting, but I don’t think it’s for me, and probably isn’t for many others.
R R F Hoffman
Guest
0

Ron H you were right when you mentioned in your initial post that the Market was due for a pull back. Do volatile markets benefit the
option traders ?

R R F Hoffman
Guest
0

This article was obviously written by an intelligent man, who knows what he’s talking about. I am not shy of taking risks, but at the age of 84, I don’t think it would be wise for me to take any further risks. I didn’t realize that Carr’s newsletter was strictly for “option trading”. If I was a wealthy man, I might be
tempted to give it a go. Good luck with your new endeavor.

frank_n_steyn
Irregular
45

Better idea. Buy a cork bulletin board. Cover it with mini Post-it-Notes each having the Symbol for a different stock on it. Walk 15 paces away. Throw a dart at the board. Buy the stock it lands on.

duped
Guest
0

threw that dart this morning (8/14/17) on Nvidia. Up 61.5% in a day. My kind of peak velocity. Will be watching very closely for the trend to continue or…….

R R F Hoffman
Guest
0
I once read that this was done with monkeys throwing the darts. The monkeys did better than the human traders. You need to take risks to have any chance of making a big gain, but you can also experience a big loss. After my wife passed away, I got interested in stock trading. I lost a few thousand dollars each year, but I enjoyed the exciting activity of searching for good companies, and speculation that they will have continued success. I believe that a stock trader is a gambler. Warren Buffett, and some others don’t buy a stock if they… Read more »
Ron H
Guest
0
I’m using the option trading strategies that I learned from Peak and doing some trades on my own. I am sensing that the S&P 500 Index and Russell Small Cap Index could take a beating anytime between now and end of October (the traditional leery months). So buying Puts to open on the SPY and IWM might just work in a down market, then sell to close before expiration. Do your research, but Nov – Jan seem to be good expirations to work with. You can also look these up and see what the open interest is to get an… Read more »
duped
Guest
0

If you bought puts you should be a happy camper today Ron. I typically don’t go past a few months when I pick my own options. Results have been 50/50 but learning this options game just this year.

Very interested to see what “defense” system Carr comes up with. Trust you got his email about it.

Ron H
Guest
0

Yes, my Jan puts on SPY and IWR are working. Jan calls with different strike prices on GLD is working. SLV should be ready to pop I hope.
I hope to make up my losses from the Peak picks with these.
Yes, got the alert on Carr’s upcoming defense system and can only think that it combines puts to use for prices moving down and/or cutting losses at some point like -30 or -40% versus getting caught with worthless expirations which are killers. Good luck to you.

Ron H
Guest
0

woops,, I meant IWM instead of IWR. See, entering the wrong symbol in a trading system can be a killer!

Ron H
Guest
0

Hallelujah, gold just nudged the resistance level of $1300/oz this morning. That’s good for the gold bugs and GLD calls.

wayne Leslie
Guest
0
hello, I joined Peak Velocity Trader after its conception. It boasted of having a 70% success rate. Boy was I sucked in. I do not think one single investment has yet to have a simple 100% return. On 4 separate investments, they tanked overnight with a complete 100% loss on all calls. Now he is recommending jump at a 15% profit…wow. The old expression a”A fool and his money are soon parted” This is never so true. If want a truly loosing membership join Peak Velocity Trader. Making small simple investments I have managed to loos $30,000.00 on Michael’s recommendations.… Read more »
Just Say'n
Guest
0
You are 100% accurate. It’s why the name of the service is Peak Atrocity. You have to improvise as Carr doesn’t realize he flipped the infamous 4 lines of patent pending code. We should have been buying puts instead of calls. Recently I wait for the option to tank. When that happens I buy in. For example I waited until Eaton bottomed out and then bought the call. Made about 130% and sold. ETN is still way down in the “portfolio”. Not in mine. Carr remains “supremely confident” while he takes the little folk down without regret. Plenty of reason… Read more »
Scott Paul
Guest
0
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