There is ZERO strategy to this fellows trading. Zip, zilch, NADA. No trading plans, strategies, techniques.. just pure gut instincts, guesses, and gambling.
Having been a member for over 6 months now, I waited to give a review- I gave this guy "Magician" a chance, I truly did... I almost wrote a negative review 2 months ago but decided to give him a chance because of the bad market.
I am glad I waited, because now I have an even worse opinion.
Anyone following this man would not only not make a single profit, but could potentially blow their accounts out without any effort.
Why?
BuySellShort.net sends videos out... not consistently, but every few days unlike other services. The videos are vague, no real prices like Buy/Sell/Stop's ... just this guy rambling on and on with no real direction or explanation of his strategy.
The "Alerts" are sent non-transparent without his position sizes or entry prices, but they are titled "XYX Buy Consideration $.43 and under" ...WTF? No stop limits or anything! In 6 months I think I have had a position close email sent maybe 2 or 3 times, and thats it- you don't hear anything about it later... even if it drops 50%!!! The newsletter is called "Buy Sell Short" but this guy only buys garbage .50 stocks and never shorts- I have yet to get a short alert.
Examples of some recent horrible calls:
8/13/10: SNSS Alert @ $.43 (Currently $0.41) - No sell or stop recommendatio, -4.6% Loss
8/4/10: GNVC Alert @ $.52 (Currently $0.46) - No sell or stop recommendation, -11.5% Loss
8/3/10: EPCT Alert @ $1.06 (Currently $0.59) - No sell or stop recommendation, -44.3% Loss
7/29/10: COIN Alert @ $0.64 (Currently $0.427) - No sell or stop recommendation, -33.2% Loss
7/29/10: IMOS Alert @ $1.32 (Currently $1.08) - No sell or stop recommendation, -18.18% Loss
7/28/10: FCEL Alert @ $1.31 (Currently $1.08) - No sell or stop recommendation, -17.55% Loss
7/26/10: ACAD Alert @ $1.10 (Currently $1.06) - Sell alert was given at $1.30ish or so for an almost 18% gain
These were the trades that stood out the most, as you can see, most of the alerts that don't work have ZERO follow through- sometimes you will get a random email that says "BOOOM LOCK UP PROFITS FROM ABC STOCK" and you are thinking, wow, I never even got the alert to buy that stock- but apparently it was in his watchlist the night before-- how convenient, he alerts on the losers and never tells you when to sell, yet he has no problem bragging about stocks that SOMETIMES hit on his watchlist
Overall, I have calculated a 20% win rate for Buy Sell Short which obviously is a system that is prone to failure.
Save yourself money and frustration, trust a person who stopped using BuySellShort.net's recommendations and saved myself a TON of money... now I just subscribe just to laugh at some of the random stock alerts just to get a kick out of how bad a premium service can be.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
4 of 6 people have found this review helpful.
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