Is the Penny Stock Prophet Legit or a Scam ?   by Dan Tiers

in Investment / Stocks and Bonds    (submitted 2012-01-30)

The Penny Stock Prophet is a weekly newsletter that provides the read with one penny stock pick. Each pick is researched for a near term breakout and if the newsletter comes out on a Friday then the micro-cap stock should be bought on the following Monday.

So does this work?

The short answer is sometimes. The Penny Stock Prophet has a decent track record on selecting stocks that do go up in the short term but their is some difficulty in tracking the profit of actual subscribers. There are too many factors to track such what price did they get the stock at and when did they sell as well as other facotrs. With any newsletter that is making short term recommendations timing is everything.

The goal of any newsletter is to help you make money and let me be clear when I state that this newsletter is not a scam. The picks are researched and you can tell they have been deeply considered. Just reading the newsletter and hearing about what factors went into making the micro-cap stock pick makes this clear. James Donnely, the creator of the Penny Stock Prophet, puts the effort in to help earn your trust and make you money. This really is a legitimate newsletter no matter how cheesy it's sales page is. Check out my review that is linked belowand visit the sales page to see that real people are making a lot of money with these picks

You can basically try the newsletter out for free for two months as they offer an iron-clad sixty day money back guarantee. Plus this is not a subscription based newsletter - you pay a one time fee and are a member of the Penny Stock Prophet for life. Also, the newsletter is very affordable

My recommendation would be to use the first sixty days of receiving the picks to paper trade the stocks and to also implement the strategy I discuss in the link above to see if this is something you can commit to and understand. Also, never start a new investment strategy with money you cannot afford to lose. This is why I stress that you paper trade for the first few weeks until you are confident that you understand what you are doing and know when to both buy and sell. Once you have your confidence up you will be able to execute and start making some very profitable trades

You should not jump into any investing strategy without first understanding it and any of the risks associated with it and this holds especially true with buying hot penny stocks as there is a great deal of volatility associated with them.

I have tracked some of the picks made by the Penny Stock Prophet and have come up with a way of helping to boost your profits - this can be found at the Penny Stock Prophet Review.

About the Author

If you still want trade penny stocks do not got it alone check out The Penny Stock Prophet.

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