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ABS - Market Analyser software

Discussion in 'Software and Data' started by jcrew, Mar 11, 2018.

  1. jcrew

    jcrew

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    Hi all!

    Has anybody know anything about ABS Market Analyser software (www.absaust.net.au)?

    They contacted me claiming their software can produce on average of 18% per month returns. They of course require a substantial cost for the software.

    I tried to do some research on the software but couldn't find much, positive or negative.
     
  2. Gringotts Bank

    Gringotts Bank

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    18% per month? So on an account of 1 mill, I only get 180k per month? That's not very good. :(

    I'd be surprised if there was an actual office at 1 O'Connell St. :(

    The best part was the tab marked "corporate log in"! :roflmao: Oh wait... the careers page!! Even better!
     
    Last edited: Mar 11, 2018
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  3. jcrew

    jcrew

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    True. They are targeting time poor beginner investors rather than full time . The aim is the software analyses the market for the day and make recommendations based on that to purchase the next day so the user is spending 10 mins a night after they finish their day job.

    I'm not familiar with Sydney. The address on google street view seems like a plausible office space though?
     
  4. greggles

    greggles I'll be back!

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    How did they get your contact details and how much are they charging for the software?
     
  5. jcrew

    jcrew

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    I actually forgot to ask how they got my contact details which is silly of me. They initially asked for $19,800 then called back a weak later saying they only have a few licences left so offered the software for just under $5,000 with the remainder to be paid from the profits made, as long as the profits are over $30,000.

    They did give an explanation for the limitations of licences but I can't remember the reason now.
     
  6. greggles

    greggles I'll be back!

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    Hmmm....

    Well, let me demonstrate how ridiculous their claim of 18% monthly returns is. If you started with $10,000 and achieved an 18% return every month, in 10 years you would have $4.2 trillion dollars.

    screenshot-www.thecalculatorsite.com-2018-03-11-21-52-29.png

    So when they call back, ask them why they are selling this software instead of using it themselves. They could be trillionaires in only 10 years! :roflmao:
     
    Flatfoot, Joules MM1, jcrew and 2 others like this.
  7. pixel

    pixel DIY Trader

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  8. CNHTractor

    CNHTractor

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    Run, Woody, run...
     
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  9. jcrew

    jcrew

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    Thanks for your replies. I've done some further research and yes, it's one to stay away from.

    Pretty sure the use of the name "ABS" is so any google search will be drowned out by results from the Australian Bureau of Statistics.

    There's a whole thread on whirlpool about this from a couple of years but the company is under different names, same scam though. This post in particular summarises their process http://whrl.pl/ReiWaa

    Found on Creditor Watch:

    Director: JARROD JOHN TURNER

    His current/past officeholdings:
    A.C.N. 130 887 857 PTY LTD.
    OLM PTY LTD
    BLANCHE EQUITY INTERNATIONAL PTY LTD
    AVENALL TECHNOLOGY AUSTRALIA PTY LTD

    Found some dodgy dealings of the above companies as well.
    Hopefully this thread will come up in google results to warn people. I'll be reporting this to Scamwatch, but I'm sure they'll just come up in a few months under another name :cautious:
     
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  10. pixel

    pixel DIY Trader

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    Wasn't the dog's name Spot? As in "Run, Spot, run. See Spot run."
    Ahh, the memories of Miss Capes, my prim Primary School teacher...
    Or am I showing my age? :p
     
  11. pixel

    pixel DIY Trader

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    I have alerted Sequoia and received a quick reply:
    Apparently, the name "Market Analyser" had never been trademarked, so scammers can now use it to promote their own offerings.
    Incidentally, there also is an email making the rounds, allegedly from "Eduard" at another Sequoia subsidiary, traderdealer. Needless to say, Sequoia are not amused.

    Eduard.png
     
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  12. Joules MM1

    Joules MM1 ....everything has an art

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    best freudian post

    run woody run.jpg
     
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  13. dibbers

    dibbers

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    WATCH OUT
    A bait guy by the name of Daniel Peters called me 3 times over 3 weeks this mont , initially to send a brochure then claiming to have sent it on the 2nd and 3rd time and saying there is a problem with my mail. On the third instance, he said they have a limited offer ending soon and can he send a pdf instead so that I would not miss out.....Run like the wind Bullseye....Good to see so many loved the Toy Story flicks.
     
  14. dibbers

    dibbers

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    And yep some bogus acronym ABS....no viable internet searches or facebook pages on them
     
  15. Ern

    Ern

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    Hi, I just found this thread today.
    Does anyone know about the CABS analysis software ? Sounds alot like the ABS you've been talking about to me but with a C up front .
    Melbourne based, $18000+gst, black box software with 10-15% monthly returns. End of day download and away you go.
    Been caught before so have been trying to find some history, that's how I ended up here.
    Thanks.
     
  16. Porper

    Porper Ralph Nelson Elliott

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    If you have been caught out before, you have maybe learned your lesson?

    Just ask yourself, if they can make that sort of money per month why sell it?

    Answer: They wouldn't. Probably a big scam...there have been a few 1 post wonders on the forum recently. Beware!!
     
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  17. greggles

    greggles I'll be back!

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    This should tell you all you need to know. Please refer to my post above from 11 March. Do not hand over any money to a company promising 10-15% monthly returns. You will get fleeced.
     
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  18. Ern

    Ern

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    Thanks for your prompt reply, much appreciated .
    The last failed software I bought was in 2000 so I was thinking surely technology has come along way since then and someone must have something that helps traders.
    Always wondering about stuff like that and sniffing around.
    I'll just go back to working like everyone else, that seems to work ok but there should be a quicker way to acquire funds you'd think?
    Cheers and thanks
     
  19. greggles

    greggles I'll be back!

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    Ern, there's no such thing as high returns with no or little risk. Fund managers with decades of experience struggle to earn double digit returns each year. Anyone offering you double digit returns each month is a scammer. They are snake oil salesmen appealing to people's greed with the sole intention of lining their own pockets.

    The "quick" way to acquire funds is to live within your means, save and invest wisely. Capital preservation is the name of the game and handing over $18,000 to scammers is going to set you back a long way. Sadly, there's no such thing as a free lunch, or 10% return a month. It doesn't come quite that easy. :2twocents
     
  20. So_Cynical

    So_Cynical The Contrarian Averager

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    Yeah but there's no fun in that.

    ---------------------

    So much scamming going on now.
     
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