written by reader 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

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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kevinrawlekevinrawleTravis Johnson, Stock Gumshoefrank_n_steynmeassassin Recent comment authors

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Ron H
Guest
Ron H

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 »

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duped
Guest
duped

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.

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Ron H
Guest
Ron H

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.

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Ron H
Guest
Ron H

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

Ron H
Guest
Ron H

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

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wayne Leslie
Guest

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 »

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Just Say'n
Guest
Just Say'n

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 »

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Scott Paul
Guest
Scott Paul

All of these option services seem to be nothing like losers. Don’t know why people still think there’s a magic service that can overcome the inherent problems in option buying. See my prior post, https://www.stockgumshoe.com/2012/08/microblog-john-jagerson-and-slingshot-trader/comment-page-2/#comment-4954889 It is amazing that they can get away charging $3000 for a blatantly fraudulent service. Futures traders and advisors don’t seem to be able to get away with it, the CFTC is all over them. Wonder why these snakes don’t get caught the same way? Again, if the mythical Michael Carr could really make this kind of return: $119,000 in profits over the next two… Read More »

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Just Say'n
Guest
Just Say'n

Carr has struggled BIG time. So much so they gave all subcribers 3 months to his Precision Profits free. He has done better with this service but the net effect remains atrocious coupled with PV. BH markets his recent picks as “he’s on a roll”. Same shameless marketing. When you add the wins against the losses you will still be miserable. Unless you have suffered as I have you wouldn’t know it based on SHAMELESS marketing.

MoonLight
Guest
MoonLight

Just Say’n, I am really happy to hear it coming from you. I always thought you were sort of defending Bayan Hill publishing, (with the 5 year plan for EF etc.) But yeah, they are SHAMELESS and blatantly misleading the public! Bending numbers, lying about % gain and profits, and always just happen to “open a few more spots” for new subscribers or last minute deal on their lifetime membership. They make me sick. Have you guys noticed that EF picks always jumped 10-15% BEFORE the emails are even sent out? Other members have been talking about this same issue… Read More »

Just Say'n
Guest
Just Say'n

Moonlight, I’m not a fan of this type marketing. I’ve seen the same type with other services as well. It’s like they all use the same marketing company. I actually like Carr as a person. I think he’s genuinely concerned about people. I just got killed with his PV picks. They drained my capital leaving me in a tough spot. Now that he’s getting away from his “4 lines of code” he’s got a decent batting average. I haven’t been able to take advantage of all the recent picks due to the capital issue. Extremely frustrating. I hear you about… Read More »

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Just Say'n
Guest
Just Say'n

Thought I would have heard from u moonlight. Yastine pitches big wins AND gloom and doom. What credibility do you Garner from that???

MoonLight
Guest
MoonLight

Just Say’n, Sorry, just saw your post today. I subscribe to Yastin’s Total Wealth newsletter too. Figure for only $79 a year, I just wanted to see what he has to offer. His picks are about half and half so far, some winners and some losers. But his take on the overall market is fair I think. He always tell the subscribers nothing is guaranteed when it comes to investing because no one has a crystal ball. He strongly believes in stop loss and capital preservation because even though we are a strong bull market right now, it’s possible it… Read More »

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MoonLight
Guest
MoonLight

I love StockGumshoe and the discussion forums, but one thing I don’t understand is why sometimes the comment you post takes days for it to show up?? Sometimes I see something that says “waiting for moderation” after the post, but why? What are they moderating and monitoring? I thought this was a public discussion forum. Sorry, I always wanted to know and had to ask.
Thanks Travis and all for everything you guys do.

MoonLight
Guest
MoonLight

Just Say’N,
I posted a reply to your comment like 3 times already, but it is still not showing up here….

MoonLight
Guest
MoonLight

Just Say’n, Sorry, just saw your post today. I subscribe to Yastin’s Total Wealth newsletter too. Figure for only $79 a year, I just wanted to see what he has to offer. His picks are about half and half so far, some winners and some losers. But his take on the overall market is fair I think. He always tell the subscribers nothing is guaranteed when it comes to investing because no one has a crystal ball. He strongly believes in stop loss and capital preservation because even though we are a strong bull market right now, it’s possible it… Read More »

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Just Say'n
Guest
Just Say'n

Yes, got the PU email. Doesn’t phase me because it changed it’s focus to higher price stocks. The original pitch was a lot different than it is today. Only have so much capital to go around. Year 2 of EF will be free if they honor their “guarantee”. They sell like they have a crystal ball. I’d like to see a pay for performance system. Don’t expect to see it but they have zero accountability with all your money in their pockets. Yes, if the strategy is that good there would be no need to get money from selling picks.… Read More »

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MoonLight
Guest
MoonLight

Just Say’N, Actually JL Yastin from Banyan Hill Publishing is a sly old fox!:) Probably the most dishonest of them all. I found out that some of his recommendations such as SRCL and UAA bombed BIG TIME and people lost like 30-40% of their money from following him. What is really disturbing is he doesn’t include those “closed out” recommendations on his profile, so when you look at it, his recommendations and “gains” appears a lot nicer than what it really is! He has the nerve to say that his profile is up over 14% because he knows when to… Read More »

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Just Say'n
Guest
Just Say'n

Moon,
I agree with you about Yastine . He is the pitch man for BH. Since he sells gloom and doom as well as bull runs he has zero integrity as an “expert” in the ingesting world. Mampilly has yet to speak with forked tongue. I loved it when said he’d know if a crash was looming and advise accordingly. A market correction is always possible but far from gloom and doom.

PM is pitching another HUGE pick for TM next week. Sensationalized marketing again to sell more subscriptions. Keep an ear open for it.

dr_soundar
Member
👍1
dr_soundar

Is the TM pitch solved. I was tempted to sign up for it, but way too expensive.

MoonLight
Guest
MoonLight

TM pick Paul was promoting was SRPT. Mary solved it. TM stocks are usually expensive, I would never not be willing to pay $2000 for that service. I had the option to join for $1000 only, it wasn’t even worth that to me. EF is a much better if you have the stomach for higher risks in favor of higher returns.

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Claymore
Guest
Claymore

Don’t know if I saw it anywhere on this board, but I think it could be NRG. I swear the stock charts look identical for the time period on Mampilly’s graphic with indicators on it (MACD, RSI).
P.s. I’ve been a happy subscriber to PU since late 2016 but am not a member of his TM or EF service.

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MoonLight
Guest
MoonLight

Guys, I guess speaking up does help if you see something that is not right! JL Yastin now finally shows all closed positions (including losses) on his profile and that’s way it should be! Thank you for listening!

Lammaster
Guest
Lammaster

PM has a new EF recommendation coming up …

a small company which manages over $240 billion in capital , firms like Merck, intel, Pfizer , GE and Johnson &Johnson rely on it?

its based out of a small building in CA

this stock already has gains of 62% in less than a year?

what is that stock?

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Lammaster
Guest
Lammaster

Join the discussYes, this is the next EF recommendation due out this Tuesday ***Right now, one tiny company is claiming its place as the most important firm in the corporate world – making itself a vital asset to the world’s biggest blue chips. ***this stock already has gains of 62% in less than a year ***its based out of a small building in CA ***Merck, Intel Pfizer, GE, Johnson & Johnson are among its clients. ***This company currently overseas over $240 Billion worth of capital. They’re not a financial investment firm or fund. ***In fact, you most likely could not… Read More »

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Daniel S McCabe
Guest

Don’t waste your money on that scam

len
Guest
len

My experience over the past year, after having paid for their services and then followed their recommendations to a T. Chad Shoop…disaster and considerable overall money loser. Jeff Opdyke…disaster and big overall money loser. JL Yastine….moderate money loser overall. Micheal Carr……the worst of the bunch and huge money loser overall. Gets 1-2 winners and conveniently forgets that he had 12-14 losers in that same interval. He’s fraudulent to then claim he’ll make you 714%! More like he’ll lose you 300-500%. The only money maker is Paul Mampilly. But even he will have to honour the second year of EF free,… Read More »

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pete
Guest
pete

research his peakprofits at newsmax that promised 1% a week. went out of business Beware

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stacie
Guest
stacie

this service is awesome! I have made over 30 K in 1 year with his options trades.

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EFtrader
Irregular
👍104

Stacie,
Good to hear. From what I heard last year, Mike Carr and this service was horrible. Things must have gotten better since. I subscribe to Paul Mampilly’s Extreme Fortunes and I will be more than happy to share his trade picks with you if you are willing to share Peak Velocity’s trade picks with me. Feel free to email me at EFtrader2017@gmail.com if you are interested in helping each other out.
Thanks and happy trading!

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Bud Fox
Guest
Bud Fox

Shill

RegalLady
Guest
RegalLady

Thanks for all of the info. I was seriously considering PV and have now decided against it. I like some of Paul’s stock recommendations and the “why” behind them. Has anyone been following him for a fair amount of time to give an opinion on his success rate? I recently subscribed to UP.

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wes pickett
Guest