written by reader STeve Sjuggerud‘s melt-up event

By JackInTheBox, October 14, 2018

Stansberry’s Steve Sjuggerud along with Porter Stansberry are out campaigning for a event they are calling the meltupinar. They promise to share a recommendation with 1000% potential gains for free. I’m not tuning in, afraid to get lured by their bait to sign up for $1000s when I’m sure that Travis along with the community here will look out for each other and inform on what we need to know. So if anybody has any info… Well, thanks in advanced!

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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NEXTime
Member
NEXTime
October 14, 2018 10:41 pm

My guess is the recommendation will be IBB, iShares NASDAQ Biotechnology Index.

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Yola
Guest
Yola
October 24, 2018 11:24 pm
Reply to  NEXTime

They were pushing this event for weeks, and now they will push the “last chance to get in”. Someone help out!!

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krinkle
Irregular
November 2, 2018 7:13 pm
Reply to  NEXTime

GLUU was the teaser made a few days ago @6.5-+

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krinkle
Irregular
June 2, 2019 7:41 pm
Reply to  krinkle

GLUU is UP, maybe be in the 8s now…I track dozens of equities, and I think I remember it being in the 11s.

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Matt Morris
Irregular
October 17, 2018 9:16 pm

Buy TQQQ. There mystery solved, no need for thinkolator.

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Jill
Guest
Jill
October 24, 2018 10:14 pm

It’s GLUU. I clicked through parts of the 2 hour plus boring presentation to hear it. He said his portfolio will be 65% tech stocks, 35% biotech stocks, 19% foreign stocks.

Larktrader
Guest
Larktrader
October 25, 2018 9:48 am
Reply to  Jill

You almost have it right. They said 25% biotech stocks, 65% tech stocks & 10% foreign stocks.

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Andrew
Member
Andrew
October 25, 2018 8:47 am

I am pretty good at saying “No.” So I listened to the event. As expected, it was a thoughtful, convincing presentation. No manic, nouveau riche pricks in front of the private jet and McClaren on the way to their tropical paradise, yelling at you how you can “get this stuff, too.” Nevertheless, there was a lot of quiet hype, fear and greed mixed into the recipe. The message? The financial apocalypse is nigh, but for $2500.00, you can get rich and pull out before the SHTF. It was quite convincing. I still said “No.” Steven’s teaser ticker was GLUU. I see that at 5:45 a.m. PST, it is up around 17%. Doubtless, Sjuggerud has the following to make every prediction a self-fulfilling prophecy. The select few with the courage to choose wealth over poverty will receive the rest of the “Melt Up” recommendations tonight .

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Larktrader
Guest
Larktrader
October 25, 2018 9:53 am
Reply to  Andrew

Cramer had the same effect. He would announce a ‘must buy’ on his show and it was a self-fulfilling prophecy. When the actual clients said they doubled their money and then it turned out to be 10-40k, I don’t think of that as bringing the riches. $2500 is a lot of money. You can get into good quality actively managed Vanguard funds and get diversification for less.

Jill
Guest
Jill
October 25, 2018 11:50 pm
Reply to  Andrew

GLUU closed lower than it opened. So one could have a loss, having bought today.

krinkle
Irregular
November 2, 2018 7:29 pm
Reply to  Jill

It did drop the 1st day after the 1st presentation but into the $7’s now (11/22) I think it is a gaming play…or mobile something or other. Sometimes I think companies hire a group like this one to pump and dump. I did look at options contracts –one day specifically had over 20,ooo calls (sell)….suspect? Yes.

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krinkle
Irregular
November 2, 2018 7:20 pm
Reply to  Andrew

I sat in on it too. I’ve decided that they all sound like CARNIVAL BARKERS…no class. I’m too old for that sort of presentation and for better or worse, it just sounds slippery to me. Although Trade Stops makes much sense if it were only active instead of yesterday’s data.

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jefgrif
Member
jefgrif
October 25, 2018 3:58 pm

I listened to presentation and $GLUU was the teaser and there are 8 more stocks being released in a few moments. His great prognostication is that the Nasdaq will hit 15,000 in the next 12-18 months and he has a road map with only these 9 stocks to get you there profitably and without risk. GLUU is up but I am afraid that this guy is just like Cramer….a pump and dump specialist.

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ggswift
October 26, 2018 3:24 pm

I actually listened to the The True Wealth Systems Melt Up Seminar” with Steve Sjuggerud and towards the end of the presentation he actually gave away a “FREE” Stock picks to all .and that was GLUU!
Of course for $2250 at that time but now the service is $2500!! 8 more stocks would be revealed if you joined. Can anyone shed some light on the other 8 picks?

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