S&A Short Report (defunct)

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56 Comments on "S&A Short Report (defunct)"

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Larry
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I was a subscriber to the service in 2007. While he did have many winning recommendations including more than his share of ‘doubles’- my overall record with him was a loss of about 30%. After about 9 months I went back over every recommendation he made and if I had followed each recommendation to the letter, I still showed a loss of about 30%. The reason I say following him to the letter vs my actual account is two-fold. First, some of his trades I couldn’t perform in the account I was using at the time (selling naked puts, certain… Read more »
Tampat
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Tampat
S&A Short Report-Options service from Stansberry and Associates-Jeff Clark This service was $2000/yr when I signed up for it 6/08, but they have since raised the price to $4k/yr. The service involves buying calls, puts and selling options also, very rarely will also rec a stock. Jeff Clark is very good at picking winners and he evidently has a big following. The biggest problem is getting into one of his picks. I would have my broker acct open and ready to go and when his email rec comes and I go to buy, it has already seen a huge spike.… Read more »
Bob
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Bob

I subscribed 12-07 for special $1250, paper traded for 2 months, before entering live. Buy June had losers > winners. I agree with Tampat reported above as being the whole tamale. Jeff knows his business but yes, most recos were well above his entry even though I tried to jump on them minutes > receiving the email.Net result for the year= losing the 1250+ 64 more = [1320. Ouch! they tout others as making mega bucks, but—–

Bob Brown
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Bob Brown
I pretty much agree with the other reviewers above. So my comments here will be brief. Jeff Clark is billed in some the teaser ads as being “never wrong.” Of course, we know, a priori, that this can’t be true. And it is certainly is not. In the brief 3-month trial period that I subscribed, ending on Jan. 19, 2009 (and yes, I did get all of my money back, no questions asked), I bought only two calls, both of them losers. I noticed that some of his other recommendations worked out, and some did not. If you aren’t set… Read more »
Steve
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Steve
He’s batting zero every option and every stock he has suggested has gone down. I paid $3,000 because they claimed 80% of his picks were winners last year. His first 3 option picks; motba went to zero, dobcu got stopped out at a 70% loss and the third, undce is down over 50%. Stocks he suggested dxo is down 10% in 2 weeks. He claims to shave points on the s&p but when I paper traded his trades with $5,000, his trades he claimed were winners (more then 1/2 were not) didn’t cover ameritrade commissions. You would have to invest… Read more »
Dave
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Dave

Rating is poor due what others have said about getting into the trade. I have found that all the option newsletters are the same way. The newsletter controls the market for that strike. If you want to use these news letter you have to be educated about options and use a different strike strategy. I didn’t experience very much success even using the different strike strategies to make it worth continuing.

Bob Wilber
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Bob Wilber
I have the agree with the above comments. The trades that win are usually the ones you can’t get into, because far too many other people are jumping on the same options. In the past 6 months there are been a lot more losers than winners, including the last three trades. Also, despite the name being the “Short Report” very few put trades are recommended. In a vicious bear market trying one call after another is not the route to riches. For Steve above: For options I’d recommend a different broker than TD Ameritrade, their commissions are way too high.… Read more »
JP
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JP

Some winners and a few much-touted “doubles” over the course of 2008 when I was subscribed, but also a lot of impossible entry prices, net losers, and worthless expirations. Significantly more expensive than other options services with no added value over those other services.

Rob L.
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Rob L.

While I echo the frustration of everyone who has written about the difficulty of getting into his trades (especially when each one comes with the admonition of NOT PAYING MORE THAN x DOLLARS TO GET IN), I would add that the “Direct Line” service, Jeff’s real time blog, has been worth the price of the subscription entirely. He’s generally good for 3-4 updates a day, based on how actively the market is trading, and the real time advice he includes in the blog has been worthwhile.

Joshua
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It IS amazing how the prices have spiked by the time most folks can get the order entered. I literally have my account open, a quantity and type of order entered (which, on the off day that we really are short something I then must change), and need only the ticker before hitting “buy”… and yet with my email on constant (literally) refresh I STILL have a price spike prior to my entry. …as a result I’ve learned a lot about “other” options (picking either different strikes, or going to the put side, or even choosing one of the other… Read more »
JJ
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JJ
I also agree with the comments made by other reviewers. I took the 90 day trial period at a reduced rate of $3K/year rather than the full price of $4K/year. My $3K was promptly refunded by Stansberry. There were a number of trades I could not make because of the run-up after he made his recommendations. I had a few winners, yet more loosers. I entered my trial period because of his stellar track record during 2008, and because I was guaranteed at least 3 doubles in 90 days. There was not one legitimate double during the trial period. I… Read more »
Susan
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Susan

Was very disappointed in this newsletter and some of the recommendations made. I finally asked for a refund. Was not thrilled with the S&A group and their short report at all!

gene
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gene

I have taken his introductory offer, $3,000 for 3 months and have as yet not even come close to getting enough back to make it worthwhile. He is waiting, waiting, waiting, wating for the big drop in the market and on options the time erodes away and you have to roll over to the nest month. He does what he calls scalp trades but you can never get into the trade in time to profit from it.

scrabler
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scrabler

I’m not a subscriber, but Mr Clark does writes feature articles for The Growth Stock Wire. Last week he said Armagedon was three days away in the market. Early this week he looked for the s&p to test 905 and he was buying puts. Today he said,it was to risky to short, and he wasn’t sure about going long. No wonder his subscribers are ticked off. At 3000- 4000 a pop for his service I would be ticked off. This guy is the king of flip flops.

J.P.L
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J.P.L

Thanks to all who posted the above.
For some time now, I’ve been thinking about subscribing to Jeff’s service, mainly because of the many teaser spams.
Your posts have indicated that Jeff’s service is really not suitable for me.
Take care, All.

Peter
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Peter
I can only add my vote to the most recent comments. I had been reading the (free) Growth Stock Wire since January and his recommendations did very well for a while. I also have to give him credit for convincing me NOT to go short early March when I was getting tempted to do so, with all the talk that the Dow might go as low as 4000, talk that analysts’ earnings estimates were still overly optimistic, etc. I don’t know if I would have actually gone short or not but he was definitely a factor in my not doing… Read more »
Investor Bob
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Investor Bob

This guy seems to understand the markets but his timing plain sucks. Lost a lot of money in his trades. Has been touting a market drop for a few months now and if you’d kept on shorting like he recommended you’d have taken a bath like i did.
I don’t know what justifies his extremely high annual price. Definitely would not recommend

Bob Wilber
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Bob Wilber
This is an update (and a downgrade) of my previous review. Simply put, for the past year Jeff Clark’s performance has been atrocious. You’d have cleaned up simply by taking the opposite side of every one of his trades. Throughout the bear market he kept recommending calls, which all quickly withered on the vine. But now that we are in a months long bull market all he does is recommend short plays, which likewise go to zero. The worst play of all was his SRS trade. SRS is a double short real estate fund, so buying calls or selling puts… Read more »
John
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John
Buy the service and take the other side of everything he suggests! If you did that this year you would be up hundreds of percent. I wish I would have! Instead I have lived death by 1000 cuts! He has continued to push “market over bought ” and short positions for about 300 S & P points of the rally. The results have been awful. You keep thinking he is due to be right has each week you see all of the chart work and justifications for his positions. So compelling. Then you proceed to lose more money as once… Read more »
Anaesthetic
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Anaesthetic
This recommendation service is clearly run by someone who understands human psychology; He puts the price up therefore You think the service is one of the best. Whether you make a successful trade or not, He always will. He already has his trade placed before He `gives` you the recommendation. His trade will always be carried to success as You all pile in to chase the price further up or further down. He always wins and only some of You will because only some will get into the trade before the `spike` occurs. In addition, whatever He charges for the… Read more »
JPL
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JPL

Hi, Anaesthetic,
I’m not disputing your comment about the analyst that “He already has his trade placed before He `gives` you the recommendation.” But I am quite curious and like to learn more. Would you share your thoughts what evidence you’ve noticed to support that deduction?

Thanks in advance,

JPL
11-6-2009

Bob WIlber
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Bob WIlber

The claim that Jeff Clark is front running his recommendations is a serious charge and I think Anaesthetic had better provide more evidence.

That said, there is no question that Jeff Clark has had a remarkably bad year. In response to John’s October 20, 2009 post: Yes, the most recent long play fizzled out — readers who bought the calls on EGLE stopped out with a 50% loss.

Kim
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Kim

Bob,

Are you really that naive? About 90% of services are front running. There are very few really honest ones.

Quisto
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Quisto

A friend and I subscribed to one of Jeff’s option services 2 years ago. He was wrong on 4 straight recommendations. Maybe we hit the wrong time? Q

JPL
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JPL

Hi, Kim,
It looks like Anaesthetic might not respond to my query.
I’m a small investor presently subscribing to Stansberry & Associates’s newsletters, and they seem quite honest. However, it’s not my purpose to accuse or defend anyone, just curious about how to tell whether any analyst is actually front running or not.
Of course, your comment that “about 90% of services are front running.” isn’t a surprise to me, but what evidence does one look for? I sure like to know your views.

Looking forward to “hear” your response,

JPL
11-9-2009

Bob Wilber
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Bob Wilber
Kim, what evidence do you have that 90% of newsletter services are front running? There are some sleazy “free penny stock recommendation of the day” sites I’ve seen that no doubt are front running (they have no other apparent way to generate income), but Stansberry & Associates has a strict rule against their writers having positions in the stocks or options they recommend. Porter’s opinions and rants can be annoying, and Jeff Clark has done worse in picking options than a dart board and a flipped coin, but neither you nor Anaesthetic has provided any evidence whatsoever that they are… Read more »
Kim
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Kim

Bob and JPL,

You are right, I don’t have any proof. And you are also right that big publishers like Stansberry & Associates might be among those who don’t do front running. All I’m trying to say is don’t be so surprised. Front running in general is very common practise among newsletters, it’s very difficult to prove, but you should not be so surprised and talk about “serious charge”.

JPL
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JPL

Hi, Kim,
Thank-you for your response.
I agree with you that “front running … is very difficult to prove.” That’s why I was very interested in your insight, to determine whether one is front running or not.
In my opinion, scruples aside, why wouldn’t they front-run? Generally speaking, if they know of such a good stock, why wouldn’t they buy it first for themselves, before the price is pushed up by the subscribers?

To Bob and Anaesthetic,
I appreciate your comments too. Thanks.

JPL
11-14-2009

Bob Wilber
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Bob Wilber

It is a “serious charge” — if it was found out the newsletter sellers could get in trouble with the SEC. I don’t think the more established ones would risk that, when they can just make lots of money selling their newsletters and never have to risk a dime in the markets.

NYCguy
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NYCguy
And I thought it was just me. I took a three month trial subscription. However, I got frustrated very quickly because I could never get into one of his trades. Even if I was sitting at my computer, and went to my trading platform as soon as I got an alert, I still couldn’t get in at his limit prices. I finally tried jumping into a couple of trades beyond his limit price, but I couldn’t make money on the trades. I canceled after about 2 months, and got all my money back. I have a lot of respect for… Read more »
Barry
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Barry
I decided to subscribe to Clark’s Short Report in Feb ’09. The market was tanking and I was looking for ideas to play the slide. My first couple of ‘toe-in-the water’ trades went OK so I decided to follow Clark’s advice to the letter. BIG MISTAKE and I have only myself to blame. Almost every one of dozens of trades he has recommended has lost money and many have been complete wipe-outs. At one point, I began to believe so fervently that Clark was right in that the market was going to go down at any minute I sold all… Read more »
DCC
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DCC

I tried Jeff Clark’s S & A Short Report in 2006 and 2007 (when it was only $1,000). Although interesting to read, I experienced very few profitable trades. I keep getting e-mails from Stansberry & Associates promoting Clark as their #1 analyst. I see they are now charging $4,000 – that makes no sense to me based on my experience.

Fred
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Fred

I have been subscribed to Jeff Since November of 2009 and he has yet to give me a losing pick. Now, He would say that some of his picks made 15-20% and then headed south. You can easily make money with his newsletter, BUT you have to be able to watch your position and know when to cash out, he’s not going to hold your hand, but as long as you set yourself some goals there isn’t a reason you can’t make great money with his weekly picks.

Michael
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Michael

Was considering joining S&A short report, but after reading the reviews here I’ll stay way from it, especially at $4,000. I can pick my own losers without a huge subscription fee!

Rod
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Rod

I am so glad I found this review site. I read the advertising piece and thought that I might give it a try. After reading the reviews, I will stay clear. Now the service cost $3000 and you can get a refund in 90 days less 10% if not happy.
Thanks everyone for your review.

LUCKY
Guest
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THANK YOU ONE AND ALL FOR SAVING ME A “PANT-LOAD”OF MONEY. I WAS ALL SET TO BUY IN FOR 3K WHEN IT DAWNED ON ME TO CHECK OUT JEFF.AND THANK YOU “STOCK-GUMSHOE” STAFF FOR THE SERVICE THAT YOU PROVIDE US HERE WITH.
PERSONALLY I THINK HIS AD IS MISLEADING ; CATCHING VULNERABLE
PEOPLE WILLING TO BUY INTO HIS DECEPTION OF”BIZ IN 5 MINUTES”
P.T.BARNUM ONCE SAID,”THERES ONE BORN EVERY MINUTE”. YET THANKS TO THIS HERE FEED-BACK MADE ME CHANGE MY MIND TO KEEP
MY HARD EARNED MONEY SAFE.

Murl
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Murl

Thanks All, for your candid reviews of the S&A Short Report, I will not succumb to their tantalizing offer just now,,, am unemployed with a nest egg and desperately seeking a way to make daily bill money for my family, and had a close call…. almost sent them a preciously needed $3,000 today.

Thanks Gumshoe for this site, I have used it many times to dodge financial hazards, and have benefited from it as well by investing in some of the solid investments that are confirmed here, Murl

Bob
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Bob
Here’s one sign of how well the S&A Short Report has done: Porter Stansberry prides himself on issuing an annual report card of how well each of his newsletters has done. Well, for 2009 he decided not to report the performance of the S&A Short Report. His excuse is that it’s hard to calculate the performance of an option trading newsletter. This is nonsense, of course. For long option position you calculate profit and loss as for any stock (and if you’re honest, you poll your readers to find the entry and exit prices they were actually able to obtain,… Read more »
Nat
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Nat

If I had done the complete opposite of his trades I would have made a lot of money during 2008-2009. Not happy at all.

Toeser
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Toeser
I have been a subscriber to this and other S&A reports for about two years. I selectively take picks from a number of the publications, and I continue to follow and use their reports. Overall, I am up as a result of using their services. However, my overriding complaint with S&A is a lack of true objectivity with their own performance. I really admire services that have the balls to run a real-time portfolio with their own picks. I think you would see different outcomes with their annual performance review if they were using actual real-time transactions in a real… Read more »
EL
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EL
I subscribed to Jeff Clark’s Short Report for 3 months at $500/quarter and pulled the plug after the first quarter. He makes a very good case for each of his recommendations, but unfortunately they were almost always wrong. Eventually his advice will turn out to be right, but there’s no point because everyone can make the right call EVENTUALLY. So the best thing you can do is to take the opposite side of his recommendations each time, but this takes guts. To be fair to Jeff, his logic while sound, has no place in a market that is artificially propped… Read more »
Rdoc
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Rdoc

‘The Ultimate Home Business’ is being advertised again for the modest amount of $3000, a 25% discount from the regular $4000 price. When you see 1 positive and 26 negative reviews here of this or similar products, you can usually assume that the overblown copy writing hype typical of financial service firms (second only to ‘male enhancement products’ copy) is what you think it is – crap – and buyer beware. Possibly the loss of another large batch of subscribers this past quarter has triggered another advert cycle. It will be interesting to see the comments over the next quarter…

Anon subscriber
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Anon subscriber
I subscribed to S&A ‘Flex’ Alliance which includes Short Report. Tried *one* option he recommended, went to 50% loss in uder a week, now a week or so after that is almost to ZERO. Should be a complete loser by the time the option expires. His other two options he recommended at the same time are *also* losers, so I predict three total losses by March Options expiry. He also assigned *no* stop loss to any of these! WTF! Plus his service is the most expensive!!! Fortunately with my lifetime subscription I can pick any 5 newsletters and that one… Read more »
Wild Rose
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Wild Rose
I agree with many who say that Jeff Clark is very knowledgeable. I understand the term front running. But my gut tells me that is not happening. Yet I am totally surprised by one of the reviewers here who mentioned watching the minute by minute changes in options prices recommended by Jeff and noting a spike in price 20 minutes ahead of his email recommendation. I have had a lot of faith in Jeff’s integrity based on a few years of reading his reports and his comments on “Direct Line” Doggonit I want to give him the benefit of the… Read more »
Mark
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Mark
Joined around Nov of 2010 and stuck around for the 3 month period offered in which I could cancel and still get most of the 3k back. Figured by then I could get a good taste of what type of “Ultimate Home Business” I could rely on! I am pretty sure I lost most of my money on about 90% of the options I bought. I do think I learned alot about how to invest and have learned overall from Stansbury. I am shocked to hear that this Short Report has been such a loser for so long. Should have… Read more »
Grifon Joel
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Grifon Joel
The S&A Short Report is consistently making a loss! The newsletter is hyped up beyond reason and only the winning trades are hyped up, with NO REGARDS to the string of losing trades! I bought the S&A Short report based on the newsletter touting that it is the ‘BEST PERFORMING’ product from S&A, and also based on the long list of recommendations they have for the trader, jeff clark. However, upon my subscription activation late last year, I looked back at the track records and found that there were a LOT more losing trades than winning ones! As usual, before… Read more »
Ferndok
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Ferndok

I lost $35,000 trading the S & A Short Report. So much for the “Best Performing Secret Key” Jeff talks about. If he was retired from actually using this technique, he wouldn’t be selling subscriptions to his newsletter. Another con, and I fell for it…to the tune of $35,000.

pseudo
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pseudo
I’m a new subscriber to the s and a short report. I really feel for the guy who lost 35k. When I subscribed I asked how many people subscribe to the S & A Report? I didn’t get a direct answer but when I politely addressed the question I was told nomore than a couple of thousand. Hm. This morning, 12/6/11, I received an email that it was time to buy HL Jan 2012 $6 calls at about $.50. I was told not to chase the postion. What I observed: One of the Arminian Brothers who is co owner of… Read more »
nelsontcpa
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nelsontcpa

Subscribed 12-6-11. Reviewed prior recommendations and found most were losers. All buy-in price points were lower than the actual price when I received the email to buy. Not impressed with the research and the hype is over the top, plus every email is selling something from Stansberry. But I must say my refund experience was easy. No hassle from the lady on the other end. Got my refund to the CC in 5 days. I’m staying away from these high dollar subscriptions. There are plenty of $49/yr option newsletter.

Paul
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Paul
I am writing this review of Jeff Clark’s Short Report (“Short Report”) published by Stansberry and Associates (“S&A”) to help others make an informed decision regarding the cost of the service versus its benefits. The benefits include realized trading gains based upon Clark’s recommendations and the costs include both the $4,000 fee for the subscription and realized investment losses from his recommendations. I have analyzed many of his recommended trades, and feel I can deliver a fair assessment of the service. Some of his recommendations I traded; fortunately, most I did not. This review reflects my opinion only. Let me… Read more »
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