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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
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
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
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
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
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
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
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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vlamat
Member
vlamat
October 26, 2018 8:14 pm

I hear he mentioned Tencent the Chinese tech giant
But in Asia the financial gurus are all saying cash is king right now, do not hold any long positions in the Asia markets and the US market looks to be at tipping point too.

I know one guy who bought some put options with FB for strike price of $125 plus some short positions on Nasdaq last week.

He made $64k on a single day two days ago from this dip.

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krinkle
November 2, 2018 7:58 pm
Reply to  vlamat

Yeah, options are where it’s at!! IF you study and learn how!

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Winsleyman
Guest
Winsleyman
October 31, 2018 1:54 pm

I mentally switched off when Jared Kelly started his relentless hustling but I did catch Steve saying he was backing up his truck into gold and (?) platinum. I think he has had a recent success with gold so this may be worth following up. Any idea as to whether this is gold shares, bullion or coins?

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EFtrader
November 2, 2018 12:30 am

I am curious about Steve Sjuggerud’s “melt-up portfolio”. If anyone has access, I am willing to trade picks from any Banyan Hill publishing subscriptions you like in exchange. Yes, I have access to literally EVERY single subscription service from Banyan Hill publishing! Even the 2 new ones that just launched a day ago. Can email me at EFtrader2017@gmail.com to discuss.
Thanks and happy trading everyone!

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John
Guest
John
December 11, 2018 10:40 am
Reply to  EFtrader

Did anyone some forth with the melt up portfolio to see how it performed the last week or so?

jchiko
Irregular
jchiko
November 2, 2018 6:29 am

I do not know about Steve’s Gold Recommendations, but I know one person. Boris Chikvashvili , who published on linkedin and facebook, FREE, future GOLD and Miners graphs plus EURO and all one may think, that performed like a magic. For example he predicted Dollar Meteoric rise May 2018 and after already in late 2017. And he says buy GOLD and MINERS after August( will his chart speaks for him).

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doubtful
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doubtful
November 3, 2018 8:13 am

when you buy or sell shares, you dont buy/sell them from/to another shareholder, BUT you go to a stockbroker who gets them from a “market maker” (mm).

mm’s are usually big banks and they have to unconditionally buy or sell shares, hence they make the market, and they invent the prices. the official share price is the average of the mm’s share prices. They are a bit like a currency exchange shop, where if you want dollars they will sell you dollars, and if you have dollars they will buy dollars from you. A stockbroker will compare different mm’s and buy/sell your shares from the one with the best price. When you buy/sell the buy price is HIGHER than the sell price, but there is someone else at the other side of that deal, they are the mm, and for the mm the buy price is LOWER than the sell price, and they laugh really loudly.

at the end of trading hours, the stock exchange conducts an auction between mm’s where mm’s will balance out between each other. The mm’s to a certain extent are a cartel.

the mm’s COMPLETELY INVENT the share prices, via algorithms, and the basic principle is they have a tank of the shares, say Wombat PLC. They wish to always have say between 1 million and 2 million shares of Wombat PLC. Lets say they currently have 1.9 million shares. Because they now own most of their objective, and because they invent prices, they push the price up really rapidly. That way they sell high. if people continue selling them shares, the price goes ever higher. Now people see the price going up and start buying in, the price keeps going higher to draw more people in, the more who buy in the higher it gets, and the amount of shares the mm has keeps falling, until it it approaches the low point of 1 million, eg say 1.2 million. at this point the mm suddenly starts plummeting the price. this is the meltdown.
Here the mm has a good laugh, because they now own few shares and refill their tank buying cheap. they invent the prices, so they invent a high price when they own too many, and invent a low price when they own too few.

the price keeps falling, and people panic and start selling their shares, and the mm’s accumulates more and more shares as the price keeps dropping, but once the mm gets near their upper limit say at 1.9 million shares, they now start rocketing the price. People seeing the rocketing price start buying in, and the price keeps moving up.
which is the initial situation I described.

so their algorithm alternates between 2 phases.

at a mid amount say 1.5 million shares, where the price heads depends which phase the algorithm is at. there are 2 phases, the price continually moving up or the price continually moving down.

but the important thing to note is that share prices only start rocketing when most people dont own the shares of Wombat PLC, that the mm owns those shares. Prices only plummet when most people do own the shares and the mm owns few shares.

so basically as a shareholder you cannot win, those rocket shares that people talk about only rocketed because noone owned them. If we could time travel back, and everyone bought in, they wouldnt have rocketed.

This all means that ALL share advisories are doomed to fail, because a share advisory can only succeed if their clients buy in a small margin which doesnt affect the mm’s fullish tank of Wombat PLC. But if this happens, the advisory succeeds, becomes famous, clients recommend it, and now too many people buy in, the mm tank empties and say at 1.2 million suddenly the price plummets really fast, too fast for people to react to. And the advice becomes bad advice.

This is the problem the melt up and all other schemes have. At the end of the day you need to trawl through different shares yourself personally and try to guess which ones the mm has a fullish tank on, and to only buy a small margin of this tank.

really you shouldnt speculate on the share price, but should invest on the dividend, and only buy shares when the annual_dividend/share_cost over the year up to the point you buy in outdoes interest rates. THEN if the share price rises where you will get say 2x annual interest rates, then sell and profit on the share price. Repeat. ie you shouldnt aim to make money on shares that double, but just aim for dividends that modestly outdo interest rates, and sell the trades IF BY COINCIDENCE the share price rockets.

It is fools gold trying to directly buy rocket shares, as these will always be the ones noone has because of the mm algorithms.

if you gradually build up a portfolio of many good dividend shares, then eventually you are bound to get a rocket share, and you cash that in BEFORE the price doubles.
As the algorithms tend to be based on a factor of 2. If it more than doubles, great, but dont get greedy.

There is a further phenomenon, where nobody is buying and nobody selling their shares. Say the mm has 1.9 million shares of Wombat PLC. Here the price will just keep rising and rising, but it is phoney that it isnt based on trading. The other problem is if people keep selling them shares, here they will start increasing the buy/sell spread and will start pushing the sell price lower and the buy price upwards.
So they push the price upwards but only for when they sell shares, again buy cheap sell expensive via the spread.

the only people who always win big are the market makers.

the stockbrokers always win small,

and the share advisories, fund managers they also always make money.

but you my friend, you will struggle to make money. dont be so greedy.

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doubtful
Guest
doubtful
November 3, 2018 7:08 pm
Reply to  doubtful

further to the above,
BEWARE OF SMALL CAP ROCKET SHARE GRAPHS
because these will usually be of the mid price.
such shares can have a BIG buy/sell spread ie buy_price/sell_price can be “big”
The mid price is just the average and really is worthless info for small caps.
ALSO there is a MAJOR SUBTLE POINT:
there is usually a problem of liquidity,
that the buy/sell prices are if you BUY/SELL JUST ONE SHARE!
but if you want to buy many shares, they give you a much worse price per share.
so the graphs of small caps are misleading, and you may not become as rich as some suggest. Basically using the terminology of my previous post, your littler purchase can empty the Wombat PLC tank of the mm.
If you tried to offload a lot of shares of a small cap company, you may run into some logistical problems. The mm is obligated to buy your shares, but they will invent a bad price if you try to offload too many.

some really good charting software I have used is Sharescope, if you go for the real time prices with delay, that gives the buy and sell price graphs, and also the graphs go quite far into the past. Free graphs on the internet usually only go back a few years, eg ProRealTime will give you free end of day graphs, but these only go back a few years.

Sharescope has free demo versions of each version,
Sharescope also gives access to the mm auctions after trading hours have finished.

some of the shares some advisories try to push have bad graphs when you can look many years into the past. But people who either just look at the graph the advisory gives, or just look at free graphs can think a share is much better than it really is.

I think if you want to net a 10 bagger, then you need to go for good dividend value as mentioned above, but to study companies that YOU have never heard of before. Because rocket shares will be ones that few have bought into. Some of these more obscure good dividend shares may by coincidence rocket a big amount, and you should then sell the shares, and reinvest in other dividend shares.

it is a fools errand to directly try and get a 10 bagger.

if dividend/cost is less than interest rates available to you, then invest in interest bearing investments instead. Its irrelevant what the current share price is, all that matters is the dividend relative to what you paid. but if the price goes up a lot, better to make money off the share price. But if you try to only make money from share prices, it is very frustrating.

The Melt up is a pied piper of Hamelyn, leading dancing mug punters to a bad river.

krinkle
November 3, 2018 8:49 pm
Reply to  doubtful

Yes, but these days it’s all mechanical which tends to increase the bids all day long. I always hear that there are few MMs on the floor these years.

krinkle
November 3, 2018 8:51 pm
Reply to  doubtful

Good comments…I didn’t see the additional remarks! Thanks for taking the time.

glomerulus
November 10, 2018 2:18 pm

I was there. It is GLUU. And, so far, it’s been a winner. SO FAR.

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Kirk
Member
November 25, 2018 6:37 pm

Stansberry and Sjuggerud have been touting the “melt up” since at least Q4 2015. It’s a recycled pitch. It might be right, but I think you’ll want to sell the rips unless there is a trade deal and/or the Fed backs off. That said, I’ve been buying QQQ and oil the past few weeks after dramatically reducing stock exposure in Q3 (see Seeking Alpha if interested).

I’ve been looking at this melt-up idea because if there is a trade deal and the Fed indicates it’s willing to pause after December, I think we could see a heckuva a rally. I think I’d still want to sell into it though by very late 2019 or very early 2020 as corporate buybacks eventually fall off.

Here’s an old article re Sjuggerud on MarketWatch where I used to publish:
https://www.marketwatch.com/story/here-comes-your-biggest-melt-up-for-stocks-since-1998-2015-10-30

So, not a new idea. Just a sales pitch.

I have been researching GLUU from this and I like it. I think it is worth a percent or two for aggressive investors on this pullback.

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jamessko
jamessko
December 8, 2018 2:21 am

I have to say that the big event, with all the polo-playing big cheeses from agora nodding in agreement, was the best indicator that a top is already in that i have seen in many a year. look out below, folks!

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al.date
Member
al.date
December 9, 2018 4:29 am

They dont ring a bell when it comes time to sell
And yet: What is that animal-spirited smell??
[OMG]
It’s Kevin O’Leary, the CNBC shark/pig
Baldly funding an ETF: OGIG!
Loaded up with FAANG and the lot,
Right in the middle of the double top!

In the tenth year of the longest bull
The hubris bank was over full
I guess the piggier they fly
To catch the knife they now must try.

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jamessko
jamessko
June 2, 2019 9:30 am
Reply to  al.date

hey, love your poetry! please add more and tell us who you are.

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Marjorie Rosenfeld
Guest
Marjorie Rosenfeld
December 20, 2018 4:29 pm

I listened to a pitch for this melt-up today, December 20, 2018 after receiving (today) an e-mail message about it. I noticed the pitch was saying, even now, that interest rates are lower than they’ve ever been, at zero percent or even less. That’s no longer true. In fact, there was just a Fed rate hike which has sent the market even lower. I gather from the escalation in interest rates we’ve had that the melt-up has already happened and we are not due to experience a good market again for some time, with the market now in correction (or even recession) territory.

GeneH
GeneH
June 2, 2019 1:50 pm

Wow! Apparently many of you paid your money ($5) to hear the latest presentation. I was thinking if he got a million listeners, that would be 5 million $.

Nice work if you can get it.

krinkle
June 2, 2019 7:33 pm

HAHA…it just ticked me off as a sneaky way to keep bleeding the curious for more commitment dollars…just to observe how wonderful China is, as a Country and as a potential investment.
Personally, I think there is PLENTY of time to invest in China.

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backoffice
Irregular
November 9, 2019 6:23 pm

I just got finished listening to an e-mail for Steve Sjuggerud’s melt up. They basically gave 1 tip and I didn’t wait to hear the sales pitch because the female on the panel kept asking some of the dumbest questions that I couldn’t handle it anymore. If anyone has insight into some of the companies being recommended I’d appreciate it. Thank you!

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