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Monty
Guest
Monty
December 10, 2009 1:57 pm

—– SCAM SCAM SCAM —–
No $$$ invested from here…but have been following emails and recommendations from this supposed person named Richard Fisher…sort of a morbid curiousity, I suppose…

My primary confusion —– why is this person not behind bars yet???

In Nov he named Blackhawk to triple in price, after which it rose 60-70% (where he probably cash out), then dropped to 1/2 (where he probably bought back in)….and, now in Dec he has the nerve to hype the very same stock with the same old “triple promise”, so that he can cash out at a handsome gain while his “clients” ride back down to the bottom.

DO NOT THROW ANY MORE MONEY AT THIS UGLY CROOK…. LOCK HIM UP!

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Star.Flyr
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Star.Flyr
December 10, 2009 8:08 pm

I suspect the Richard Fisher stock pick is a bit of a scam. I too got on his list. Last month he came out with his BHWX pick. For a reason I can’t remember, I didn’t get in at the opening bell. The 1st day the stock went up around 50% ($1–>around a $1.50 or so). I decided to take a “flyer” at $1.50 and the stock continued upwards to nearly $2 before starting the slide back. I ended up getting out at around $1.40 or just about a $100 lost (500 shares).

Last week the his rumor mill started up again with a new stock promised on Dec 9th. On Dec 8th, he sent out a letter stating that the stock was being advertised in the WSJ and USA Today previous Friday’s edition. So I went to my local library to look at the previous Friday WSJ edition and found the advertisement he mentioned in his letter. To my GREAT SURPRISE, it was once again BHWX! Just before the close on Tuesday I put in for 500 shares at 80 cents per share. Sure enough, the next day (Dec 9th), he sent out his flyer stating that his pick was indeed BHWX without mentioning that he touted the same stock the previous month.

With nothing better to do, I bought another 500 shares and today it rose to around $1. I do have my stop in at 90 cents and plan to mess around with the stock at least through Friday.

The strange part of his current pick is that on Tuesday, the stock rose 10 cents after flatlining around 70 cents for several days. I suspect either a lot of people saw the article in the WSJ earlier in the day or got an early tip that the suckers would be coming in the following day.

I don’t believe for a minute that this stock will triple in any reasonable time, but it may spin on a little profit for a couple of days. That’s why I will be out of it later tomorrow.

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Lok
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Lok
December 16, 2009 7:31 pm

Damn, I Wish I’d seen this site a few days ago.

I’m long 2000 shares at 0.95.

Wil set a limit order to get out at $1 for a small profit if it gets hit, fingers crossed tomorrows a pump day, not a dump day. 🙁

Matt
Guest
Matt
December 22, 2009 5:57 pm

The Leaked Stocks newsletter and four free picks are a scam don’t fall for it. Richard Fisher is a real person who is chairman of the fed in TX but the man who writes this newsletter is not him! The stock pick I got BHWX, on two occassions now has tanked every time and is worth half what I paid for it. This is a complete lie, he won’t retire and may not even be a real person. The ads are faked and if you follow this advice you will surely lose money.

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Person who reads t&cs
Guest
Person who reads t&cs
December 24, 2009 9:04 pm

Obviously you should never use this kind of site and, if you do, read the terms and conditions! The document refers to Richard Fisher as apocryphal ie. non-existent. It also says, in legal-ese, that all the information that they refer to as fact or true is not to be taken as that because it is not. It goes on to say that all references to the performance of a stock is in fact hypothetical – it actually is slightly worse than that because they say that when they say a stock performed well in the past, they are not referring to its actual, real-world performance but rather to how they imagined it had done. In essence the terms and conditions say “all content in this site is incorrect and you should be prepared to lose your money when you invest according to it”. The money making side of the operation is explained thus: “Is [sic] should also be noted that if you do choose to pay for a subscription to the apocryphal Richard Fisher’s email newsletter, the newsletter does occasionally accept compensation from publicly traded companies for advertising purposes.” One should take the precaution of interpreting this as “we get paid by companies to promote their stock to you”. As always, caveat emptor, but ultimately if you lost money to this or any other of the ‘Richard Fisher’ sites it is YOUR fault for being greedy and believing in free lunches.

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D.J.H.
Guest
D.J.H.
December 29, 2009 1:07 pm

“John Meriwether”, New name, same scam….

TomN
Member
TomN
January 12, 2010 10:06 pm

Hey you guy’s that got screwed by Fischer or whatever the heck his name is. I to got hooked by bhwx but got out with my skin or at least most of it before I realized he was working the game. The SEC might be interested in this and go after bhwx and fischer if we get some complaints going their way.One avenue is http://www.sec.gov/edgar. Pretty interesting stuff. Good luck and lets hang the bstrd.

Dave "UPS" Brown
Member
Dave "UPS" Brown
January 15, 2010 11:35 am

Thanks everyone who posted! I totally agreed and as I researched his picks more after MTCH and BHWX it was obvious that he has groups of e-mail addresses that he sends out on each day culminating mid week with the largest group.

He pumps and then dumps and it all comes crumbling down. It is sad to see. I have no idea why they haven’t locked him up.

I appreciate everyone commenting though. Sorry about my blog address in the original post, I was going to continue to research scammers like this but decided to simply report on this website as it has HUGE readership.

If any of you are interested I have followed another blog: allallan.blogspot.com for several years and if you really want to learn about technical trading, this FREE website has loads of info.

UPS

stupid enough to fall for this
Guest
stupid enough to fall for this
January 25, 2010 3:20 pm

Thanks, Gumshoe, for providing a forum here. I only just now was intelligent enough to google BHWX, where “scam” immediately came up after it. This was the site that convinced me to immediately sell my shares. Of course, I’ve lost over 50% already. Fortunately, it wasn’t a big investment, but I still feel like a fool. I suppose nothing more needs to be said about this jackass who swindled us. Just a chance to vent.

Macman
Guest
Macman
March 5, 2010 11:34 am

The first time I followed his advice, the stock increased nicely over a day or two, up 10% – 15%; then it tanked, took a loss. It seems any increase in stock price comes in the first few days; sometimes only the first day; one case it was only the first few hours. If you want to use his service, get in quick and get out even quicker. My concern is the misleading numbers he often puts out, claiming the stock increased by “X” over a certain time period; in an effort to entice other prospective newsletter subscribers; most of the info on price increases are bogus; the key, always do your due diligence. The only easy ride offered by this guy is an easy ride to the poor house.

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Jerrold
Guest
Jerrold
April 8, 2010 8:33 am

I think your all silly little babies. If your friend told you they had a stock recommendation or tip that a stock was going to go flying up you would all jump at the chance. Regardless of how he gets paid, he creates buying opportunities. For some like myself, it has worked out wonderfully. Where can you earn 10-50% or even more in such a short period of time? Learn his game and profit from it. You all want to blame everyone else because things didn’t go as you hoped.

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Monty
Guest
Monty
April 13, 2010 1:05 pm

To – Jerrold (April 8, 2010)
…still holding BGBR??? Or, did you get out before the predictable “dump” at 2X pre-announcement price???
> If you sold, congratulations on getting a few of the crumbs.
> If not, any change of attitude on this SOS (same old scam)?

This Richard guy (or whatever his real name is) is still way overdue for sitting in a jail cell with a burly and horny cell mate.

Rocky the Mauler
Guest
Rocky the Mauler
April 28, 2010 3:58 pm

When are all you novice investors going to realize that this guy is a scammer and stop following the Golden Rainbow in the sky. He promotes the stock and then him and his friends dump with profit and leave all you losing your shirts.He gets paid from the company and his stock purchases. Only in America we allow this will happen. Put him in JAIL NOW.
Wish I could meet him for a day

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MGast
Guest
MGast
May 13, 2010 4:57 pm

Agree with all comments above. Got hoodwinked by “John Meriwether” (same guy, I’m sure). I let him recommend to me BHWX back in December 2009, and didn’t do anything then.
Not sure why, but when he recommended BGBR back on the 7th April, 2010, I thought, hell let’s just buy 1000 shares and see where it leads.
Well, it led to exactly the same pattern you guys have described: jump by 50%, then slow descent (all the while receiving emails saying “the big bounce will start”, “watch this space”, “still time to do your research”, “it will triple in price or I’ll quit picking stocks”, etc etc) and now trades at below the initial price at pick time.

DO NOT BUY STOCK RECOMMENDED BY PEOPLE YOU DON’T KNOW

I am learning this the ‘hard’ way – well no so hard as I only lost about $800 but still…

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rob
Guest
rob
December 21, 2010 5:32 pm

I’am writing this to all those who didn’t realise this was a stock pumping scam from the get go . First,I’am speaking from on who has profited from this guy’s scam. I will inform those to becareful with these guys. Most if not all are connected with organise criminals. With that said don’t be greedy. Take the gain be it from small to substan. Good luck. “Out smart the greedy criminal.” If this site is a fishing defensive move by those who operate the trading scams go off yourself.

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Charlie
Guest
Charlie
September 11, 2012 5:00 pm

Richard Fisher is sending out his latest notice to hype his pick to be released on September 21 2012.
His email claims his last pick earlier this year went from .17 to 1.57 and the one before that went from .50 to 6.00. He must have forgotten about his May 2012 pick IZEA that was selling for .40 and after a 1 for 40 reverse stock split has lost 94% of its value.
I accept full responsibility for my decision to buy. That worthless piece of shit did not twist my arm. I just hate a con man. He needs a good old fashioned Texas ass whipping then some tar and feathers and a few years of stripped sunshine.

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Charlie
Guest
Charlie
September 11, 2012 5:57 pm

Richard Fisher uses an emailing service to send out his trash. The web site is http://www.icontact.com their number is 877-820-7837. I called them and as expected they do not validate the the information they send out. I understand that but I do believe that if everyone reading this would call them they may drop him to avoid the bad P.R. I know he will just find another service but we can go after him there. We can make his life miserable.
This is for the people calling us babies and telling us we should have know better. In hind sight we all know we made a mistake. I am just curious how some people can make it through life without ever having been ripped off, never loaned money and did not get it back, never been sucker punched, never bought a product that wasn’t exactly what they thought it would be, never lost money on rental property, never bought the extended warranty just to find out that part was not covered, and never been conned by a professional con artist.
It must be nice.

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