Put Strategy Report

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Tampat
Guest
Tampat
February 7, 2009 2:18 pm

Put Strategy Report, Stansberry Research

This service is primarily selling options.
I was aware of this service but never subscribed because I didnt want to sell naked options.

They sucked me in on this one with an email teaser talking about a company that was going to declare bankruptcy soon and they were purchasing put options. I signed up and the company they rec’ed, (Macerich), still has not gone bankrupt. I still own the puts but they are at a loss so far.
They claimed in their promo literature they couldnt get enough subscribers interested in selling options so they were going to start purchasing options, a main reason I signed up. That one rec was the only option buy, the rec’s went right back to being option sells.

So I think they put out misleading promo. I cancelled and received a timely refund.

If you want to sell naked options this may be a decent service, it just wasnt for me hence the low ratings.

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MarkHu
Guest
March 19, 2009 1:48 pm

I like this newsletter. Almost all the recommendations have worked out well, and it has opened my eyes to a new investment strategy. Using the concepts, I’ve written several options successfully as well. Sure its a pricey newsletter, but the advice and recommendations are not run-of-the-mill either.
I’m marking it down one star for consistency since a couple issues have deviated from the primary strategy.

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Rob L.
Rob L.
March 21, 2009 8:37 am

The proof is in the pudding on this one…the results have been excellent so far. I’m wary of how well this strategy (selling naked puts on stocks you would like to own anyway) will do in different market conditions, but since each write-up emphasizes that you’re only selling these puts ON STOCKS YOU WOULDN’T MIND OWNING ANYWAY, it appears likely that it will work well in all kinds of markets.

Bob S
Guest
Bob S
March 25, 2009 7:41 pm

I, too, took the bait on the teaser and then backed out after 30 days for a refund. The only recommendation I tried was to BUY a put (nearly everything else was to sell puts), and I stopped out for a 50% loss. Porter’s instinct was right about Macerich – his timing was off, and once I became pretty convinced the market was going to keep the stock price high – too many people were shorting it, I bailed. Boy was I wrong. Had I held on to the puts, (I bought the March $15 puts wheras he recommended the $10) I’d have made a bundle. I suspect most of his subscribers stopped out of that trade too – he had told subscribers to get out if the $10 put dropped below $1 which it did for a while. But it did well by expiration DESPITE Porter’s stop loss strategy. Brave (or asleep?)souls would have done just fine.

My biggest complaint was that it was IMPOSSIBLE to get an answer to any questions. The newsletter had said that one could short the stock if one didn’t want to buy a put. That was not true – there were no shares available to short at the time through any broker I contacted. That’s what I really wanted to do. When I tried to get Stansberry to either explain the discrepancy or send out a correction, their customer service was very uncooperative – they always hide behind the lame “we can’t give investment advice” except if you want to buy or cancel a subscription, or can’t access their website.

Anyway – I also thought the subscription much too expensive as well – no reason to continue with it.

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Larry G..
Guest
Larry G..
March 26, 2009 2:10 am

I dutifully paid the $625 on Dec 11,2008, bot the Put for Macerich as he advised–never hear a word from him for about 2 months. I wrote an email to his customer service asking why I had not received any communication–got no reply. After another 5 days, I wrote to him thru his “feedback research.com” website thru the S & A. Digest. Here is what I wrote: After a wait of about 5 days without a reply from your Customer Service Dept, I am attempting to reach you directly thru your Digest address. My letter explained it all: “Your obvious inattention to the plight of of your subscribers who put their faith (and money) into your hands without even the courtesy of a reply or refund as promised. Let your response to my accusations try to dispel any suspicions of neglect towards your duties. It appears your flowing rhetoric is in stark contrast to your perceived omniscience. Prove me wrong by sending me a refund. I dare you! Also, I dare you to print this in your Digest. I am still a subscriber to your 12% letter and S & A Oil Report.”
The only response I received was in his “Mailbag”–he said,”you don’t have to “dare” us to print your letter, The angrier it is, the more likely we’ll find it entertaining”.
The conclusion to this tale of woe is they said my credit card was invalid–which was untrue and therefore I was not a valid subcriber. Why then did they not try to contact me?
I lost $1500. of my $3000 investment as I sold it the morning that the put expired. I read in his Digest recently that he had gotten only 6 subscribers to his Put Strategy Report. It is a miracle that he got even 6 & they probably had a tough time getting a refund if they tried. Porter is quite eloquent with his rhetoric (a windbag), but his timing & stock picking is lacking—his customer service? Forget about that!

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LG
Member
LG
May 26, 2009 10:13 am

I subscribed to his “Put Strategy” report and received two reports and then nothing since. The teaser that I responded to was a $1,