Shah Gilani’s death of retail book, being pitched by money map pressMoney Map Press has been bombarding members for a product offered by Shah Gilani about a way to get rich from failing companies. The premise is he knows certain companies in retail are going to fail and when. Supposedly there is a way to get rich on these many times before they fail. These seems to be more than sell Penney’s or short Sears. They are really doing a full court press on this and I was wondering if anyone knew just what the deal was. I mean some of the advertising emails boarder on being rude.
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I listened to Shah’s “Carbon Trade” presentation and it’s pretty certain the trades will be buying puts and/or bear credit spreads on failing retailers, and more. He’s not only targeting retailers, but that will be the program’s primary focus for now. The pitch has all the typical claims of ” gains of 2300% & 1760% & 843%” ( from back-tested data) which is pretty standard stuff from Money Map Press and the like. Few, if any, ever see these kinds of returns or anything close to it. However, his basic premise that retailers are failing at an alarming rate is basically true. So, the pitch is based on Shah’s contention that his service, for $2150 per year, will net you, potentially, as much as $1.6M by committing an average of $2500 per trade. And, it’s probable he’s talking about getting in & out of each trade multiple times. He also stares there will be no shorting stocks.
I like his idea – it has potential, but the wild claims of extraordinary gains are a bit hard to swallow. I’d say if you’re tempted to join, lower your expectations a bit. FWIW, I’ve made some good money buying puts on SHLD & JCP on my own. But, what Shah is offering is his full research service and trade alerts as well as when to get in & out. Not sure it’s worth $2150, but there you have it.