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Momentum Alert, The

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cdh9876
cdh9876
12 years ago

I subscribed to MA in May 2008. My subscription came with a guarantee of the first 11 trades will be winners. Well, of the first 14, only one was a winner. But they do adhere to a firm stop strategy. So, I’m into my “free” second year. (Customer Service Dept was crackerjack!) Since the market has turned, Alex’s picks are performing well. All of the current positions are up, about half of them over 10% higher.
Overall, I’m now gunshy of entering all the picks. I’ve been tiptoeing in the options they recommend for speculation.
I find I encounter the “me effect”. The picks I trade turn out to be the ones that tank. The ones I don’t pick perform well.

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Jack Barbic
Jack Barbic
11 years ago

I joined Momentum Alert in July 2010. It was a buy one year, get the second year free. It came with a glowing report of Mr Green’s multi-point system for stock picking.

Well, so far I have made 16 sells due to the stocks hitting their stops and 9 of these have been losers. One stock, Dolby never saw any up side. After it was recommended as a buy, it went down to it’s stop. Overall, my trading account is down from where I started. I left a message but got no response and I even sent in a record of my trades, asking if some one could tell me if I was doing something wrong. Once again no response.

I would have to see a dramatic improvement in his picks to feel comfortable recommending this service to anyone.
Jack

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-o0(GoldTrader)0o-
-o0(GoldTrader)0o-
11 years ago

Jack, it must be the time zone. My experience has been that the Oxford club values its reputation higher than its stock picks. Try calling again. I don not believe that they will not make it right.

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Jack Barbic
Jack Barbic
11 years ago

I would think that their reputation must be based on the performance of the products they sell. Here is my experiennce with the last two stocks that hit their stops.

Jazz Pharmaceuticals was recommended as a buy on Feb. 7 at $23.50 and actually went up for a short time. Unfortunately it started down and hit its stop at $30.00. When that happened a lot of shares hit the market. More unfortunately, there was no market and the price dropped like a rock over a very short period of time. When my shares sold, the selling price was $23.74 per share. Of the many factors Alexander’s takes account of, market breath of the stock apparently isn’t one of them.

Open Table was a recommended buy at $106 per share on Apr. 18. Once again the stock did rise but then plunged hitting the $88 stop. I was more fortunate tis time getting out at $87.48.

So, out of a total of 17 stocks that have sold, 10 have been losers. Not what you would consider outstanding performance.

Regards
Jack

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