I discovered the Doubling Stocks website a couple weeks ago and found it interesting enough to purchase. It's a $47 one-time payment for however long they continue to offer picks. There's a money-back guarantee though Clickbank so I am confident that it will be honored.
Their goal is to pick stocks that will double in a short time. Their past picks and performance are listed here.
The site advertises that two picks are made each week but it seems like they just make a pick whenever an opportunity arises. I received an email on Thursday that stated that the new pick will be released on Friday at 9:30AM (market opening). They gave me a link to the release and it was also supposed to be emailed to me. Unfortunately I never received the email on Friday and didn't have the link at work. I was able to stop home at lunch and placed the trade at 12:30pm (3 hours after the release). The pick had a fair amount of fundamental data behind it that seemed legit and well thought out. The stock (I can't release the ticker) was an over-the-counter penny stock that was thinly traded prior to Friday. The price shot up about 55% shortly after the market opened. I'm not sure whether I would've gotten in at the low end because I got the pick 3 hours late. Nevertheless, I still bought $100 worth of the stock. After less than 3 days my stock is up about 12%. That's not a bad 3-day return even if I sold it right now.
Their recommendation is to hold it for 2-3 months for maximum gain. I have a feeling that this could be some sort of pump and dump scheme; however, it's hard to believe that this newsletter would have a following that's sufficient enough to really significantly effect the stock price.
I'm still very skeptical and will plan to update my performance in a week. Check out the site here for yourself.
Posts
4 comments:
I would love to hear your thoughts on this. I have been receiving the newsletter for 4 months or so and have not been impressed. It seems to me as if the newsletter authors are loading up on the stock prior to releasing the newsletter - every week they send a letter waying they are waiting for the perfect entry point - and in my experience the stock rises sharply the morning of the newsletter release and then drops until they recommend it again.
Hi Jared - I purchased the Doubling Stocks newsletter on 3/29 and have only received one pick as of 4/20. The site claimed there would be two picks emailed every Tuesday. So that is my first disappointment.
Secondly, the only pick I made is now down 10%. I had a feeling that this is a "pump and dump" type scheme and it sounds like you're thinking the same. There is supposed to be a pick tomorrow AM so I may try to see if it's possible to buy before the spike. Most likely I'm going to discontinue testing this product. I don't have enough experience to actually say it's worthless or a scam. I'd be interested to know if anybody actually had a good experience with this product.
My only pick is now down 42%!! Glad I only bought $100 worth.
Doubling Stocks is a scam purely pump and dump. Ive been getting the one free stock pick of the week, and it always plummets. I have heard nothing but bad about this. Marcus Leary needs to make Autopilot for stocks!
Post a Comment