The Davian Letter

Really sucks what happened here

I was part of this chat room for about a couple of months and made some good money from it. Now Anthony Davian busted for fraud? Not good... Website is pretty much a wrap! Glad I only joined the monthly instead of the yearly because then I would be out $700 bucks. The last update from Anthony was 7-2-2013 and nothing after this on his gravity website which I thought was great..

Trust Score

2.4

User’s Review Ratings

Overall

Davian accused of fraud

I subscribed to Davian's Gravity letter for one month to see if he knew anything that would be new to me about shorting penny stocks. He didn't. It wasn't worthless, but wasn't useful.

Davian has been accused of running his fund as a Ponzi scheme. If even a small fraction of what he is accused of is true then no one should subscribe to his letter.

See http://sirf-online.org/2013/07/15/the-erstwhile-hedge-fund-king-of-akron-ohios-very-hard-summer/

Trust Score

10

User’s Review Ratings

Overall

nice array of products, gravity the best

I have been a client with this firm for nearly 2 years now and I have nothing to say but good things. I currently subscribe to Dasan Stock Digest (DSD) for idea flow, insight, and to learn his thesis on the individual name he is covering. I was fortunate to receive the gravity short selling pump and dump system and it is unbelievable! I have subscribed to almost every pump and dump system under the sun, including names like Tim Sykes, et cetera and the do not even remotely compare. These guy take it to a new level by performing SEC filing due diligence, volume/float analysis, and much more. The results speak for itself. Truly delighted I stumbled upon this system and locked in my spot for 1 year. They have a 50 client cap, which speaks volumes on how they operate their company and their ethics. If they wanted to front run and be shaddy about this program they would pile in 500 people and front run the trades like other programs do.

Trust Score

1.7

User’s Review Ratings

Overall

Knowledgeable, but too busy 'growing the business'

Autotraded with DL from 6/1/2010 to 12/16/2010 in his LII system (including options).

Not recommending.

1. His website trading record posted constantly missing closed positions, making his trading track record iffy. This should be a first sign for anyone seriously considering allowing him to manage your $ via autotrade systems.

2. Portfolio Performance lacking. Adjusted for his recommended allocation lost 10% in six months vs S&P500 being currently up over 10% for the year and over 11% since 6/1/2010. Actually lost more, because I chose higher option allocation per trade.

3. Portfolio would be slightly better if I entered already active positions as I started (2 of them), but would not make up for the loss much, plus would probably have lost on other active positions open at the time.

4. Inconsistent and lazy autotrade management. While he did not sell certain positions (options) for some platforms, he did not adjust stop losses on others, resulting in clients losing $$ (allowing option trade go from +30% to -40% and not managing stops or anything). After pointing out the problem he took a second trade with THE SAME result. His trade record will probably not show it...

My impression is that he is too busy trying to build out other parts of his business and marketing and really not putting enough effort into the DL product. While I signed up for a year, I could not risk more after the first 6 month performance.

I had high hopes as I liked his general market analysis and style, but in the end both the portfolio performance and especially his lack of attention to portfolio management in autotrade and his trade records has lost him a subscriber.

Trust Score

1.0

User’s Review Ratings

Overall

QuantDesigner approved

The emphasis was on in-depth pre-market analysis, regular profitability, strict money management, trader psychology and results. It would be beneficial for both the experienced trader as well as novice.

Trust Score

5.7

User’s Review Ratings

Overall

Have to review

Was not going to review, but the poster above me forced my hand. I actually agree with most of what the above poster says, but I subscribe to Level III & BlackBoxx-4. Let me tell you, there are consistent trades from both. BlackBoxx is very short term and Level III is a mixture of ST, MT, and LT. Great products for all kinds of traders. Highly recommend.

Trust Score

3.3

User’s Review Ratings

Overall

Good site. but far behind #1 stocktwits n BullsonWallstreet

Decent site. Got a good setup. the founder is somewhat sharp. Not sure about his actual trading skills but he has a ton of finance and macro economic knowledge. Most of his traders trade things that are not really meant for the retail trader. They sell more content driven type stuff instead of actual stockpicks. For the retail trader who wants picks bullsonWallstreet you can make income from their pick they have the best daytraders. If you like information and amazing technology with hundreds of talented people from all walks of life I go to stocktwits to get information. If you a fund guy or a small investment house I bet Davian Letter might be a good deal as they seem to write indepth reports and have tons of economic knowledge. I think the site could be a knock out if they got some kick butt Momentum traders or even some swingtraders.

Trust Score

5.9

User’s Review Ratings

Overall

Great perspective and value

In my first attempt at trading stocks, I made a lot of costly mistakes because there was a lot of things I wasn't prepared for. I backed out of the market and started to spend time investing in other options like real estate. A friend of mine that was doing really well in the market told me that he was getting a lot of good information from the newsletter, The Davian Letter, talked me into investing in the market again and subscribing to this newsletter. The newsletter has helped tremendously. I've learned what to look for before getting into a stock and when to get out, how I should perceive information the media gives me, and other trading strategies that allows me to be successful. I wouldn't be in the market today if it wasn't for The Davian Letter and I highly recommend it to everyone here.

Trust Score

1.3

User’s Review Ratings

Overall

Excellent and TRANSPARENT results, edgy commentary

The quality of work produced by The Davian Letter is a direct result from the obvious passion that each contributor possesses of his or her area of market expertise. They don't post things just to appear active, but only when they really believe in their ideas. Most of the time these ideas are nearly spot-on, but when they aren't and they end up losing on the trade, they aren't afraid to admit defeat and move on while cutting losses. The best part is that my drawdowns since reading their analyses and enrolling in the autotrade feature from thinkorswim have shrunk tremendously. Now and then it pops down but bounces right back up. This is exactly what I was looking for because I hate dealing with long drawdowns in my account, so it's nice that this is a rare thing.

Finally, Anthony's commentary is often interesting as he is able to relate things to the outside world. I follow him on Twitter and it's obvious that there is a real person on the other side who has a life (in spite of spending seemingly endless hours doing what he loves most). That means a lot to me.

Keep up the good work, you have fans!!

Trust Score

1.0

User’s Review Ratings

Overall