Finally. A Mark Schultz thread. Been waiting for that one.
Have been a subscriber for one year. I only played one microcap, Araldica wineries. That fizzled. The commentaries on those nanocaps were sometimes weeks old eventhough they said frequently: "I just got off the phone with so-and so who told me the stock is going places SOON!" Yada Yada Yada. To be fair, one should know, and I did, that these fluff plays are a gamble. So that was the first and last ministock I played. Page 3 and 4 get thrown out.
I agree with someone on this thread that his picks on page 1 are frequently righton. I for one made oodles of money with takeovers in Moneystore and Neurex. Credit where credit is due.
However, and this is where I get this chafed, irritated feeling with this guy. His daily results, with entry and exit points faithfully reported every day are always stretched in his favour. Always gets out right at the top, always covers right at the bottom, to maximize his gains, to minimize his losses. Constantly. Without missing a beat. Day in and day out. I checked his results day after day, going back months. Does anyone, pray tell always get the last drop out of a play?? It is just too neat a system, too organized, too unlike what I know realtime trading is like! His recent shorting of the internet stocks reinforced this suspicion. It was often impossible to get the short in at the price he said he got it, with the frenzied trading in these issues.
I kept my feelings to myself for a long time, thinking I might just be envious of those stellar powers that I wished I possessed. (And if I did, I would keep it to myself and not share it with others for 100$ a month).
However, tying it all in with others' opinions I observe here, I feel I can pretty much conclude that there is something unsavory going on.
These are my two cents worth. I will not be renewing my subscription--- unless he makes available his broker's statements and proves me wrong. Yada, etc. |
