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www.perfectstockalert.com Newsletter scam 
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Joined: 23 Jul 2009, 21:43
Posts: 1
Post www.perfectstockalert.com Newsletter scam
You may have seen this on links like
132.15% in 3 months PerfectStockAlert.com
or
29 100% winners PerfectStockAlert.com

www.perfectstockalert.com or
www.powerstocktrades.com

I almost bought this Stock Newsletter/service untill I saw this warning. It said 100% money back if you don't make your money back in a month. But the light gray fine print said, only for regular memberships. Super sale membership is $250/yr. but the regular membership is $110/mo, $300/qr or 1000/yr. So everybody gets the $250 super sale and can't get a refund.
Here is the fine print...
*Please note, our 30 day refund policy does not apply to Lifetime Memberships, Renewals, or Super Sale offers. Our guarantee only covers the first monthly membership payment of a regular rate monthly membership. Our guarantee is based on the performance of our Top Trade Recommendations (Our UGI Trader's Portfolio) and assumes all members follow these recommendations for 30 days using a minimum portfolio value of $2,000.

Here is one unsatified customer...
The Perfect Stock Alert website, owned by Under God Incorporated and Christian Williams, is not what it advertises.

I subscribed for $250 and here is what i learned:

Their percentage claims are achieved by saying all trades are made on margin so they double their percent gain.
They don't adjust their gains for commissions or margin interest.
They claim to be a site for stock traders but in the week I was subscribing there were no trades.
The 100% Satisfaction Guarantee on the home page is disclaimed in the fine print.
The 30 day Risk Free Guarantee is disclaimed in the fine print.
To make the site look complete, they have links to other financial websites such as Yahoo! Finance and Stockcharts
If you complain they block your membership without refund
They encourage subscribers to buy all recomendations on 2X margin
They discourage subscribers against diversification telling them to buy only their picks

This site has no interest in satisfied subscribers. They only want to trick as many subscribers as possible and move on.

They scammed me. Shame on me. Hopefully this will make it harder for them to scam others.
___________________

Here is another...
Has anyone used PerfectStockAlert.com stock picking service?

I have and would not recommend them. Especially at $110 a month.

PerfectStockAlert.com basically just has links to all the free sites like Yahoo finance, stockcharts.com etc, and almost nothing of their own making. They give you a 30 day free trial (but it's not). They'll only refund the money if their picks get about 5% profit a month, not hard. But certainly not a 100% satisifaction guarantee like their site says. You can not get a refund within the 30 day period for any reason. Also you can only pay with PayPal which is another service i think should be avoided. At PayPal you have no rights to refute any services you purchased with PayPal, like PerfectStockAlert.com


23 Jul 2009, 21:44
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Joined: 23 Jul 2009, 21:45
Posts: 1
Post Re: www.perfectstockalert.com Newsletter scam
WARNING! WARNING! STAY AWAY!

Well here are some more bad points about Perfect Stock Alert.Com and these you will not believe.
First off let start at the beginning, First there was Power Stock Trades a small cap alert service that had a 110.00 a month membership price. For what I have heard none of his picks made any money.
Then came Perfect Stock Alerts so he then shut the first site down and all those members lost their money unless they sign up for the new site then he would give them extra time at Perfect Stock Alerts. That started out at 110.00 a month next the super sale so that the entire present members would join at 250.00 per year.

That sounded real sweet to these members. So they signed up but now the fun beginnings at first they were really making money until he said go long WFC and that mean 5,000.00 cash plus full margin. They sat on this all summer so by the time he said sell they didn’t really make to much money because of all the margins call. And it has been going down hill since.
He can’t stand for some to disagree with him so the way he handles that is tell them he is going to ban them from the chat room and they lose their money too. He thinks he always right and not a very Christian person as he claims to be. And to top it off he is very rude to his members.

They are losing a lot of money and want some answers from him. He doesn’t use stop losses and the member had taken a 40% loss on one of his recommendation alone.

About 2 or 3 weeks ago he opened the day trader site which he charges 1000.00 a year to join.
He states:
He will allow only 100 subscriptions to be purchased at $1,000 per year. Those who register in the first 100 have a locked in rate of $1,000 per year.

We are also allowing our day trade members to purchase more than one membership, as we have many members who feel it better to have less than 100 members in our day trade room, so the 100 available slots are going fast.

Once the 100 slots are filled we will raise the cost for new members to $5,000 per year, and only allow new members to join after an old member has left and with our track record those who leave will be few and far between.

But the kicker is he claims to have over 1700 member but there are only maybe 100 in both chat rooms daily. I did see that some of the member he claim are register came from the now closed Power Stock Trades site and never paid for the Perfect Stock Alert site.

Okay in the day trading site they are averaging about $.70 per share a day with an average of 5 to 8 trades. And he only trades the same stock that swing traders are in at the time. He is just not a good swing or day trader period. Now I know that good day trader make more than that with fewer trades.

When he comes to swing trading chat room, it is only to brag and try and get more members to give him 1000.00. Some have and I am sure they will be sorry soon enough. But the down side is he did leave his sister in charge of the chat room and of course she doesn’t have a clue and she thinks her brother can walk on water. Members are leaving and going to a different site that is more profitable. Now maybe they can make back all the money they have lost at PerfectStockAlerts.com.

He is truly a con-artist!


23 Jul 2009, 21:46
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Joined: 23 Jul 2009, 21:48
Posts: 1
Post Re: www.perfectstockalert.com Newsletter scam
BEWARE

I fully agree with the above posts. Instead I would like to add few more things.

Recently there few trades that swiped away members brokerage account. Loss on EXM with 40% and WFC 30% and still going long on new trade on WFC from $39.20 At the time of writing this post, WFC is at 27.80 so almost 58% loss (that adds the margin). Same calculation he does for profits. E.g. If you invest $5000 +100% margin comes to $10,000 and if there is profit of 10%, he claims as 20% on original investment excluding cost of commissions and margin interest. I haven't seen him updating his 430% profit claims after loosing big trades... seems he is assuming he will cover the losses.

After EXM loss ... we fall into another big loss on WFC on Swing Traders member account. He started doing Day Trades on same Swing Traders forum .. doing good on small profits but because of one unruly member, he stopped doing Day Trades on Swing Traders account and opened new chat forum exclusive to Day Traders with $1000 as membership fee. He didn't had a courtesy to provide free accesss to Swing Traders to Day Trading account so that atleast they can recover their huge losses but instead he has fully dedicated himself to Day Trade and whenever he comes to Swing Trade chat room ... just tries to boast his performance at Day Trade Chat room to get more people there.

I still doubt on one more claim by him... he says he is still long on WFC from 39.20 and Day Trades on same stock. Christian, just to let you know... WFC (Wells Fargo) is not a volatile stock and it is restricted (at this time) to short on it.... Means... You just has an option to go long on WFC... and surprising you claim you Day Trade on it. I am sure, there will be totally different picture in Day Trade Room. Secondly, Christian suggests full investment amount + 100% margin, if you have done that than how can you day trade.

Above all, he never suggests to put stop loss. Biggest fool on planet.

Request to Christian:
===============
- If you claim so, post the screen shot of your Brokerage Account here.
- If you are honest, update you front page with the latest losses as well. Atleast not misguiding new visitors
- Give access to Day Trade chat room to your Swing Trade Account Members... and show the truth.
- Or else atleat STOP bragging your Swing Trade Member to Day Trade membership.... this will atleast won't put salt on the wound you have given.
- Tell (your so called sister) Corrine to stop showing unnecessary support for you. (Now she has also started bragging for Day Trade membership although she herself is not a member)


23 Jul 2009, 21:49
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Joined: 12 Feb 2010, 11:55
Posts: 1
Post Re: www.perfectstockalert.com Newsletter scam
Thanks for the nice post

_________________
stock


13 Feb 2010, 07:58
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