Pearly, first, without doing the exact calculation, it looks to me like the average decline in that list of Wolly touts is about 2/3rds, not 50% in the worst case.
Second, the NASDAQ is down about 30% since March, not 50%. Thus, this list of Wolly touts has fallen by more than double the amount the NASDAQ.
Third, using the market decline to defend the horrible record of these touts seems quite absurd, given that Wolly touts himself as the "Market Timer of the Year." To me, it seems like pretty poor market timing to be touting a group of highly speculative, money-losing stocks just before the beginning of the bear market.
Fourth, as far as "the next $1,000 stock" goes, I don't know much about it but I do note they haven't managed to actually sell any of this wonder product. I also note that this OTC:BB company has all of $2 million of cash. You'd think that a company with such a wonderful product would have no problem raising the cash needed to commercialize their product. |
