Doubling Stocks Trade Picks

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.