fluffy grue voted 1 on this story.
Yay! This is somewhat similar to the stock experiment I mentioned last week. My conclusions: bandwagon hype stock only works the first few times until enough investors get burned that only the true suckers stay on. I've given up on winner-picks.com's stock picks, and instead am experimenting with AboveTrade, which uses lots of scary and customizable heuristics to issue buy and sell recommendations based on trends, interest rates, and the current market health. Very cool; you can configure a stock advisor for each individual stock you're interested in, and it'll automatically mail you in the evening if any of the recommendations change (the intent is that you issue a trade to be executed at market open, rather than trying to do day-trading).
So far I scoffed at one of its recommendations and got burned (specifically it was with one of the winner-picks picks from last week); it said I really should issue a sell order for market open, and I figured it was just a fluke in the heuristic. If I had sold when it said to, I'd have gotten my whole $500 investment back with a little spare change. But I didn't, and I didn't come to my senses until it had irrevocably dropped to the point that I lost over $250, and I figured I should just cut my losses.
I'm taking its open sell recommendations with a grain of salt, though... for example, it recommends that I sell all of my UVN holdings (though admittedly, this sell recommendation was issued about the time that UVN had peaked at 112), but right now UVN's on a nice upward trend. Just to be safe I issued a stop order for a few points below its current position in case it does end up becoming true (right now it's on the second upstroke of a characteristic "M" curve). I'm glad I did this same exact thing for my WLA holdings though; it said to sell, I put in a stop order for a few points below, and the next day the stock dropped quite a bit, and right now it's on a downward trend.
Of course, it's a tool for long-term investing, and they make no claims otherwise. They're also registered as a financial advisor with the SEC, and the prototype for the system was apparently used to manage a multi-million-dollar multi-national stock portfolio for a few years with GREAT success.
"Is not a quine" is not a quine.
I have a master's degree in science!
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