I made a decision to take a hard look at the so-called Penny Stock Prophet scam. There are tons of rumors and falsehoods on the internet about this particular penny stock newsletter's validity. I wanted to see first hand if Penny Stock Prophet actually had the inside scoop on hot penny stocks. I figured since there was an eight-week money back guarantee, I had nothing to lose. Here is my unbiased viewpoint on the Penny Stock Prophet scam.
James Connelly's Penny Stock Prophet is a penny stock newsletter that is geared for casual investors that tend not to have the time to tackle the time-consuming aspect of inspecting every single penny stock. This penny stock newsletter will send you an incredibly comprehensive e-mail with information on particular stock picks. It will break down the basic principles and supply you the exact stipulations on how to invest in every stock. You will know the both the entry and exit details and have a good plan exactly where to place your stop loss order.
At the end of the day, Penny Stock Prophet merely does the research for you and tells you exactly what you need to do. At this point, I really do not see any scam involved; however, let me dig a little further.
Penny Stock Prophet hot penny stock picks rely on four key trading strategies that, if researched properly will give you significant gains a very quick period of time. Connelly has been incredibly successful in picking out stocks that contain these traits. Basically he finds grossly undervalued penny stocks that are close to breaking out and dramatically increasing which usually can make penny stock traders a significant amount of money in a very short period of time. The only drawback is the fact that not all the picks will increase. In some instances, the stocks will decrease rapidly and with no warning. This is where I feel some folks believe in the Penny Stock Prophet scam.
The initial pick I invested in after purchasing Penny Stock Prophet appreciated 220% and went from $.15-$.48 in less than 48 hours. This is only one instance of what you can expect if you invest in Penny Stock Prophet.
As of the date of this article I have made money on 21 of 25 picks I have been given. The initial two picks I obtained I just watched to see how they performed and the other 2 picks I lost money; however, I had a stop-loss order and minimized my profits / losses on these.
In general, I am satisfied with this penny stock newsletter and don't believe in the Penny Stock Prophet scam.
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