RSSReview of the Stock Picker Penny Stock Prophet – What You Need to Know
Saturday, July 17th, 2010
Review of the Stock Picker Penny Stock Prophet – What You Need to Know
How in the heck can you make money, in this economy, from the stock market? Well, it’s being done everyday. If you are looking to make some money and in the stock market without devoting the time or having the knowledge which professionals have and use, this may be a good option for you.
What Is The Penny Stock Prophet? It is a penny stock generator, meaning that it analyzes real time market data, specifically penny stocks, and from that is able to find cheap stocks which are set to go on profitable jumps. It does this by taking the entire past scope of the market into account because the market repeats itself every several years, so every time that it analyzes real time market data it looks for similarities from the past.
Who is the Penny Stock Prophet? The author’s name is James Connelly and he was a student at MIT (majoring in Applied Mathematics) with his primary focus to develop a strategy for discovering winning stocks. In the beginning his focus was on “regular” stocks the ones that cost over $20 per share. He wasn’t too successful at that so he started focusing on trading penny stocks. That’s when he discovered this profitable formula. His investment was only $1000, 13 months later it was 1.4 million just investing in penny stocks.
James Connelly is doing real, professional analysis. He is looking at multiple criteria and using a mathematical formula to crunch the numbers. His formula is doing most of the work for you. If you get in the quick picks at the opening bell, and ride the momentum, you can usually escape with a few points.
The long term choices are my preference but and are the ones I would recommend to you. I’ve done rather well with several of these picks.
In the newsletter, and daily alert sheets, he gives you hot penny stocks that have been determined to have opportunity for serious gain. By focusing on a small number of stocks at a time, he is able to isolate specific stocks that have shown the probability of gains in excess of 20%. Some have the possibility of gaining up to 100% or more.
If you are looking for a simple way to pick some winning stocks without doing a lot of real work on your own, the Penny Stock Prophet is one of the best options for you. Of course, you will have to be paying attention because many of his targeted stock picks have quick windows of opportunity to buy and sell; but if you don’t get greedy you can make some gains.
To help you even more, I’ve made a Bonus Guide that gives you a list of criteria to use to further evaluate the picks in the newsletter. Using the Bonus Guide will give you an edge, but it is by no means a sure thing. Doing the work suggested in the guide will give you experience and increase your knowledge. In turn, this will help increase your percentage of profitable trades when choosing which of the penny stocks to buy that have been recommended in the newsletter.
