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Gene
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Gene
February 13, 2010 7:45 pm

BAM Investor Newsletter service

Beginning with BAM’s October forecast, a market crash was imminent. In fact, multiple crashes have been forecasted by BAM. Obviously, they have not come to pass. Mr. Savoldi repeatedly has reset the time when a crash is to occur. These extensions are almost always accompanied by his disbelief that ‘the BAM model has never flashed such warning signs without there being a market correction’. The inference is the Big One is coming – stick with me. The fact is BAM’s 944 January target (set in the December 2009 newsletter) has not been touched. Not one of the SP-500 targets which Mr. Savoldi flashed in the 4.5 months since establishing the BAM service has been achieved. The SP-500 currently hovers at 1075.

Now BAM’s February 10th CRASH ALERT has reset the SP-500 target to Q1 2011 when 529 will be realized. This CRASH ALERT represents a 10-12 month extension from BAM’s December 2009 newsletter of “680 or lower” by April 15, 2010. How many times can Mr. Savoldi cry wolf & expect folks to continue to believe him???

Marty Weiss’, The Daily Reckoning, and Elliott Wave’s newsletters tell me the market is going to crash. BAM’s value proposition is in the “when”. BAM sold itself to me as a market crash alerting service. As such, accuracy is paramount. And frankly, BAM hasn’t delivered on EITHER forecasted SP500 target prices OR its crash timing windows.

I am very, very disappointed in the BAM service and have requested a refund. I’ve been refused by BAM. And that tells me BAM doesn’t believe in its own product by supporting a pro-rated refund policy. I now believe BAM is a scam.

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