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  #1  
Old 10-05-2007, 03:28 PM
fearme fearme is offline
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Default online stock services

gorillatrades.com, channelingstocks.com, thechartist.com

anyone use these, do they work or are they a scam? worth the cost?
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  #2  
Old 10-05-2007, 03:51 PM
housenuts housenuts is offline
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Default Re: online stock services

looks pretty fishy to me. if they were that good at picking stocks they wouldn't need a website to make money. they could just be printing money themselves by following their own picks.
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  #3  
Old 10-05-2007, 07:18 PM
Uglyowl Uglyowl is offline
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Default Re: online stock services

Gorilla Trades unmasked
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  #4  
Old 10-05-2007, 07:47 PM
pig4bill pig4bill is offline
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Default Re: online stock services

[ QUOTE ]
looks pretty fishy to me. if they were that good at picking stocks they wouldn't need a website to make money. they could just be printing money themselves by following their own picks.

[/ QUOTE ]

I don't know anything about this specific group of service, but your statement is absurdly wrong. A service with a solid track record and a strategy that fits in with your situation can be a good way to go.
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Old 10-05-2007, 10:22 PM
kimchi kimchi is offline
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Default Re: online stock services

[ QUOTE ]
looks pretty fishy to me. if they were that good at picking stocks they wouldn't need a website to make money. they could just be printing money themselves by following their own picks.

[/ QUOTE ]

Lots of people are excellent stock pickers, but fail to be able to pull the trigger or be able to manage their position psychologically.

The only problem I have with 'stock picking' services is that that's all they do.

A sound investment strategy needs much more than simply what to buy. You need to know how much of your portfolio to invest based on a risk assessment, and under what circumstances you will add to/trim/sell at a loss/sell at a profit, amongst other considerations.

Stock picking is only a small proprtion of a successful strategy, but it is the information most people want - and so most people will sell to you.
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  #6  
Old 10-06-2007, 06:31 AM
pig4bill pig4bill is offline
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Default Re: online stock services

A lot of newsletters give you exit points. They also generally provide updates on what to do if the situation changes at the company involved.

Chat-type sites usually include a great deal of training and education.
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