I agree with you re: Tokyomex site. I can certainly understand a nominal fee; however, he is giving out stock picks after he has purchased them. Even if they run up a minimal amount, based on the amount of shares he buys, he is making out like a bandit. I would think it would behoove him to make it more accessible and affordable. In the first place, when he posted his picks on the Tokyo Joe's Cafe, everyone (big bucks and little bucks) jumped on his bandwagon. Thus the stocks jumped immediately... some kept going, and some sank so fast you got crushed before you could blink. By charging so much, he is limiting his scope. As such, "if" his stocks really move, they will not have nearly the potential they could have by being on the open thread. And, by the time the thread gets the news, it will be "old" news. I know that I have gotten in on his picks late and been burned (IGTI and NEXR) -- and I did not know I was getting in late. However, receiving his picks on the "open" forum, I would not touch them because then I know it is too late. And if I decided I liked one of his picks, I would wait until the excitement wore down and consider it as an investment. Most people jump on for a quick 10 minute trade.
All in all, Mex is certainly entitled to do as he wishes and anyone who wishes to subscribe has my best wishes. But I do feel he is making "double" money, as you said. And the bigger bucks will come from having the jump on the picks. By the time everyone is getting in, he is getting out. I remember reading posts from him where he sort of blows his own horn about how much money he is making. Well, he is making it on us!!! We are taking his recommendations and driving the stocks up. Only a fraction of the readers will join ... he will still make money both ways. But the subscribers won't be making anywhere near what they had been since they won't have the support of this thread behind them. |
