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Business/Finance See other Business/Finance Articles Title: Are all Agora & Stansberry newsletters pure scams? ”Pump & Dump” schemes for Penny Stocks are proliferating through ”fear & greed” Newsletters. Question: Are all Agora & Stansberry newsletters pure scams? Do they all accept payment for touting penny stocks? What about PENNY STOCK RESEARCH (free) by Gordon Lewis? Is that unbiased? Are all newsletters that DO accept payment for touting stocks REQUIRED to state the conflict of interest in a disclaimer? Victim of recent Pump & Dumps: TAGG, PRTN, SNPK, SOPV, XCLL, WTFSE. Small money, but near total losses. The Agora and Stansberry newsletters (Stansberry is an Agora affiliate, as are Money Map Press and the Oxford Club and a dozen others) are not scams in that way — they may or may not be good or useful newsletters, but they have trading rules about the stocks they cover and they don’t appear to participate in “pump and dump” trading. They have extremely profitable businesses selling subscriptions, so taking advantage of their readers by promoting lousy penny stocks would be counterproductive in the long run. Which isn’t to say that their mailing lists aren’t used for penny stock pump and dump promotions by folks who rent or borrow those lists, on that I don’t know. “Newsletters” who accept compensation for promoting or recommending stocks always, in my experience, do disclose that in their disclaimers — but it’s usually in fine print at the bottom of the page and often in unclear language. I’m not sure if there are loopholes to let them avoid that disclosure, but usually paid promoters make it pretty clear that they’re paid promoters. As long as you read the disclaimers. Penny Stock Publishing, which publishes Gordon Lewis’ letter, says that they do not accept compensation for recommending stocks. I don’t know if they allow trading in the stocks they cover or not — every publisher has different rules for whether or how writers and editors are allowed to trade stocks that they write about — but they say that in that way they are unconflicted. Which doesn’t mean they’re unbiased, of course, not one of us can make that claim. Stocks that are supported by paid promotion almost always have no real business or actual future earnings potential, and the stock almost always returns to its pre-promotion level once the promotion stocks, so there are some folks like Timothy Sykes who try to trade these events (riding the stock up and shorting it on the way down, since their patterns can be somewhat predictable), but other than that there’s no sense in doing anything other than just staying away. I don’t write about promoted stocks very often, but I did put out a longer piece about how to identify penny stock scams and some warning signs to look for last year, you can see that note here: stockgumshoe.com/2011/01/pennystockpromoters/ Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Tatarewicz (#0)
(Edited)
From my experience, I rate them as scams. Don't waste your time, or throw away your $$$ there. YMMV “The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken |
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