Absolute Profits

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bc2019Mike MedleyJohn B.DaveFrank Perri Recent comment authors

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flyinkel
Member
👍19

Buy when he says and lose 50%. He picks the downtrodden ON THE WAY DOWN. He doesn’t pick the bottom, ever. This is absolutely the worst newsletter I have ever had, I think he is here to teach us how to lose money. Wish I had my money back, all of it..the subscription the $$$ wasted on absolute dogs. He is educational, but what he is teaching are money losing strategies so far. The section of my portfolio dedicated to his recs is grossly, and I do mean grossly, underwater. Some examples ECA -57.8% RIG -47.78%, so far 1 has… Read More »

flyinkel
Member
👍19

Should be called Absolute LOSS, geez! Asof FEB 2nd 2016
RIG -77%
ECA -74.69%
TAN -40.19%
Out of 12 stocks invested, 11 are negative and many significantly so. His one stock on the + side is only up 1.86%. This guy should be used as a contrarian indicator only…do the opposite of what he says and reap the rewards.

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soutpaw
Member
👍3
soutpaw

Agreed, I cancelled his subscription after losing 68% of my investment using his advice (only took me 28 months!).

His picks are VERY speculative. In fact two of his picks filed Chapter 11 and Chapter 7. Lost all investment on those.

He might be a nice guy but his picks are seriously terrible.

Frank Perri
Guest
Frank Perri

I cancelled after 1 year, did not lose to much cause I got out of the trades quickly, but, Bill spetrino is a different animal all together. Now this guy and his dividend machine news letter have done me really well. Also sold by news max, Bill is the real deal.

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tstang
Guest

I too cancelled my subscription. The picks he had us hold on to have lost at least 70% of their value while the ones he said to sell have actually made money. Worst money I have ever spent.

jrjoe1
Member
👍0
jrjoe1

He does not use a Stop Loss at all? It is pretty cheap to get back in a position when it warrants.

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Palindrome
Guest
Palindrome

This service officially discontinued by Newsmax as of the last video update at end of April 2017. It says: “Sean is leaving to pursue other opportunities…”. No follow-up or wind down for invested subscribers. Poorly handled, disappointing and final financial results, at this point, lacklustre at best: 11 holdings; 7 with current positions ranging from -29.4% to -73.6% (includes reinvested dividends. Ouch! It is looking like his other newsletter with Newsmax, Ultimate Wealth Report, is likely slated to go the same way – e-mails were sent out May 4, 2017 to UWR subscribers telling us there’s a great offer coming… Read More »

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novacane
Guest
novacane

I too believe it was handled very poorly, but i must say overall i am in the good on the picks he has provided me. I didn’t get into every stock he suggest and I’m UP!

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rockinchair
Member
👍12
rockinchair

I subscribed to Absolute Profits for 2 years, but didn’t continue as a number of recommendations (RIG, DB, ECA) tanked badly. I was completely new to self-investing and wanted/needed advice. Sean’s technical analysis helped me learn about a subject I knew nothing about, but the $ lost were not insignificant.

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Dave
Guest
Dave

Sean Hyman doesn’t know what the hell he is talking about. Absolute Profits was a disaster and his advice caused significant losses. If God is on his side, it wasn’t apparent to me.

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John B.
Guest
John B.

Sean is a rip-off artist and should stay out of the business of attempting to sucker people into paying for his crappy stock picks!

Mike Medley
Guest
Mike Medley

Can’t believe that he claimed to invest according to Biblical principles. I lost more money than I want to admit and I’m still holding on to 4 or 5 stocks, praying for a miracle. It seems that almost every stock he recommended took a sudden downturn and hasn’t recovered. One stock went bankrupt. He kept bragging about how the same investments he is is writing about he has for his father’s retirement account. I have to question now if he even has a father living today. If so, he must be broke. I was a naive, stupid, and new to… Read More »

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bc2019
Member
👍4
bc2019

Did you subscribe to The Logical Investor ?