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Australian Stock Report

Discussion in 'Trading/Investing Resources' started by Mega Rich, Jun 28, 2006.

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  1. lukeaye

    lukeaye

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    Re: Anyone subscribe to Australian Stock Report?

    Hi guyz,

    When i first started trading years ago, i used them. and went to some of their educational seminars. found there educational tools online to be good. the seminar was ok, laid down some foundations.

    But as to there actually picking of stocks and return on investment. you would probably be better off just putting all your money on black at the casino. They provide very compelling reasons to go into a trade and how to exit, but they never get anything right? a few days ago they were calling short on AWB. now from all my analysis anything other then a screaming long on that stock is just mindless. i think they do a lot of guess work, without anyone actually having much of a clue how to trade.

    If you look at there returns the last 2 years i think there down about 40%. The real traders have been making great money in these conditions. not losing.
     
  2. Nero64

    Nero64

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    Re: Anyone subscribe to Australian Stock Report?

    I'm just following their SMS recommendations. They recently recommended Mirvac@1.29 and GMG@60c. I just use IB for buying. I don't like the glossy bucket shops like IG Markets. Their fees for GSO are killers.

    I got onto the Mirvac trade and it went to 1.70 or something. I pulled out earlier though. However I liked the fact that they picked it. Volume was increasing and substantial holders were buying in. Obviously they have some researchers that know the tricks of the trade, but this won't make you money all the time.

    The forex trades seem ok. Just don't overuse them like I did in the past. Half their trades will fail.
     
  3. freebird54

    freebird54

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    Re: Anyone subscribe to Australian Stock Report?

    Have for a while - they seem to be getting good lately but I prefer Rivkin for the SPP's and t/o plays - low risk stuff and Intelligent investor/Huntley for Market information
    If you want bad news all the time try Dyer or Invest for profit;-) - at least you keep your money safe
     
  4. tgarthe

    tgarthe

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    Re: Anyone subscribe to Australian Stock Report?

    Anyone got some updated feedback to report? I have just taken a free trial with ASR and also trumarkets. Will report back on findings.
     
  5. waza1960

    waza1960

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    Re: Anyone subscribe to Australian Stock Report?

    I have at least another 9 months or so with my subscription to ASR but I don't use even look at the reports any more.
    Of all the money that I have spent education wise thats the money I regret spending the most.
    I still stand by the above comments in general and I'm sure their reports may be as good as any other however please note the following points:
    To pay the money I did solely to learn T/A and Money management skills was silly.
    I was using them as a crutch and possibly an expedited way to trade which failed miserably.
    I was swayed by their marketing guys who are very persuasive (they make you feel like an idiot for not joining.)
    Their % of profitable trades does not seem that high which is a problem when you are following recommendations in which you have no input.
    There was something about their promoted track record that prompted a second look. I felt they may have left out a certain period to enhance results.
    (read the fine print carefully).
    These comments probably apply to most reports however.
    Summary: If you are subscribing to a report as a crutch to support your trading IMO you are wasting your money.:2twocents
     
  6. mr. jeff

    mr. jeff

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    I cant resist adding my 2c.
    I subscribe to traders report and investors report, have tried the CFD report as well.
    They lose a boat load of money on their recommendations, definitely better off leaving money in the bank and paying for the honour. They are annoying on the phone, annoying trying to sell you more, treat you like you have no idea what to do in the market and PRIMARILY their fundamental analysis is about as good as I get in the fin review. (they do every now and then seem to be plugged into the rumour mill, and that can help on occasion.)

    I have TII and that is excellent. thorough, reliable and amusing to read. They will write an 8 page report on one company and rarely miss a trick.

    I tried Rivkin and made money from them, very good recommendations with arbitrage and everything thrown in, but expensive and I'm already wasting money with ASR. Rivkin called me up and called me stupid for not subscribing, I asked them how they could sell something by insulting me before I hand over the money! Arrogant b#@$#@ds! I tried Huntleys for 2 years, not that exciting, some painful outcomes every here and there....
    ASF is better. brings together a diverse lot of knowledge on each stock, cost is low too!

    Ah, feel better.
    did I mention that ASR is pretty average?
     
  7. Buckfont

    Buckfont

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    I gave them the flick two years ago. I didn`t lose money, just used as a tool to do homework. I found their web site confusing and their recommendations were very widespread, more hit and miss than anything.

    Finally when I ceased my subscription I felt as though I had to justify my reasons in doing so to a fairly pushy `salesperson.` That actually was the final confirmation for the choice that I made.

    Not a great recommendation. I have learnt more reading and researching.

    As the form guide says, track dead, better elsewhere.
     
  8. jonny77

    jonny77

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    WARNING WARNING WARNING

    DO NOT BUY THE AUSTRALIAN STOCK REPORT. I JOINED THE CFD REPORT IN MAY 2010 AND IN 3 MONTHS I LOST $7000 PLUS THE COST OF JOINING. THEY KEPT ON TELLING ME I DID SOMETHING WRONG AND WHEN I SENT MY ACCOUNT TRADES SUMMARY TO THEM TO REVIEW THEY REFUSED TO LOOK AT THEM SAYING IT WAS NOT PART OF THEIR SERVICE. THEY DO NOT EVEN TRADE THEMSELVES. THEY ONLY PLAY WITH OTHER PEOPLES MONEY. DO NOT JOIN, THEY WILL CLAIM THEY MAKE POSITIVE PROFIT PERCENTAGES BUT WHEN YOU TAKE INTO THE COMMISSIONS YOU LOSE. DO NOT JOIN.

    IF YOU COMPLAIN THEY WILL STOP ANSWERING YOUR CALLS.

    IF THEY WERE SO GOOD THEY WOULD TRADE THEIR OWN RECOMMENDATIONS.

    Their latest claim is that they will trade for you automatically charging a fee. They also say that they made a 23% profit over the last 2 years. However in 3 months the commissions for my trades was 24% of my starting balance plus the $1500 joining fee. If you start with $10000 then add the 23% profit over 2 years that gives you $12300 dollars, minus the $1000 a year for the CFD report, gives you $10300 then minus the commissions you pay on the trades at $40 for opening and closing for 60 trades a year and the end result is $7900 net loss. To make money on the Australian Stock Report you need a miracle, not their so called expert advice.
    If they were so good they would trade themselves and make money, however they only make money on joining fees and other associated costs. THEY DO NOT TRADE THEMSELVES,THEY GAMBLE WITH YOUR MONEY.

    AFTER MUCH HASSLING LAST WEEK THEY REFUNDED MY MONEY, PRO RATA, BECAUSE THEY KNEW I WAS RIGHT AND THEIR SERVICE WAS BAD.
     
  9. sorcar

    sorcar

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    I spoke to a rep today.

    I decided against it.

    If invested $10,000 - i lose 10% of my money straight away. Then there brokerage fees are like $40.. if i make 60 trades a year thats another $2400

    SO before ive even made money ive lost 34% of my money.
     
  10. mr. jeff

    mr. jeff

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    Hey Sorcar,

    YOU CAN HAVE MY STINKING MEMBERSHIP ILL PAY YOU TO TAKE IT!
    I CANT GET RID OF THEIR ADVERTISING RUBBISH AND PROMOTION,1 trade a month at the moment they recommend, and that one is barely above water!

    As has been said in this thread, do some research, learn lots of interesting things about companies and make your own calls, makes you feel satisfied when you find you are able to be your own advisor and become successful; no charge. This forum would help 1 x 10^100 more than some services.
     
  11. poppa

    poppa

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    decision made.. staying away.
    so true, i think through your own reading and research you can find your own winners.
    this is just trying to take the easy way to your day dream millions...
    Id rather subscribe to a bunch of different investor/economic magazines/ papers/ blogs for the same price and on top of getting a much wider breadth of information, youre learning not just getting 50/50 tips from someone who isnt financially backing the calls in.
     
  12. Iggy_Pop

    Iggy_Pop

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    I have always found this forum and the HotCopper forum very useful. You do need to get used to the different regular posters and there is some excellent advice from the regulars. You also start to pick the shares that shareholders are frustrated with management and the shares to avoid.

    The other thing is to get to pick out the posters who are ramping or trying to push the price down, but the moderators are usually quick to sort these out.
     
  13. Out Too Soon

    Out Too Soon My real name is King Julian ;)

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    Haha, just got a phone call from Australian Stock Report, he actually seemed surprised when I laughingly told him "no, I'm not interested in spending $990 on your report". The audacity of these people are amazing!:D

    I see I've already posted to this thread, same story. Every so often I upgrade the PC or get a new email address & I get a new free trial to mobs like this one.

    The speccy report is good value when it's free for a week, if it came down to ~ $20 a year I might be interested because really it just saves me a few minutes each day doing my own research ;)

    Can't get over that phone call, the guy acted soooo surprised when I cut him off & said nope, not interested in paying hundreds of dollars for your report, thanks for the free trial :bigun2: :fu: :flush:
     
  14. mr. jeff

    mr. jeff

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    which service ?
    What ? You passed up the opportunity to make tens of thousands of dollars ?!
    At least you didn't cop the abuse they serve when you tell them the service doesn't make money; they have actually hung up on me - after giving me tirade me on how to trade.

    And they are just the salesmen. Very poor showing.
    I would much prefer to give hundreds of dollars to the homeless people in the city. And I do.
     
  15. Black duck 07

    Black duck 07

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    Hi All

    I am seeking advice from any traders who have used the reports supplied from the Australian Stock Report. Has anyone used their trading software Beyond Charts.

    I am new to trading and will be attending there seminar next weekend and looking for advice on how their product stacks up. The prices look very expensive.

    Has anyone used Geko Software in particular Trade N Track or Trade minner?

    I am looking to trade both stocks and FX.

    Happy Trading

    Cheers

    Black Duck 07
     
  16. mr. jeff

    mr. jeff

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    Seminar is a pure sales session selling a dream. They will mention a few things that you would already know such as "an uptrend is when a chart starts at the bottom left and goes to the top right" and other VERY technical things that only a few savvy sharks know.

    Read previous thread stuff for more info on ASR
    I personally would NEVER touch them again for the reasons listed there but mainly because...............................................................................................................................................................................................................................................................................................................................................................................%@$%$@#$@#............................................................................#%@$#%@##$ !

    I would note that it was a credit to them that they post their trade recommendations but I don't recall seeing anything above a -5% return from them - draw your own conclusions; but let me help - if you want to learn how to trade safely then don't pay someone a heap of money to take the decision making process away from you. Do the hard work and it can reward.

    You will learn more here doing some reading and learning from people with no intentions of taking your money.
    Good luck and hope you stick around.
     
  17. Black duck 07

    Black duck 07

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    Hi Mr Jeff

    Thanks for your reply.

    I had my suspicions and that's why I posted the thread.

    I worked out that by the time you buy reports software do the course to learn how to use the software on a $10,000 account you would need to return at least 30% just to break even.

    I will be sticking around as I am determined to succeed. I appreciate any good advise.

    Cheers
    Black duck 07
     
  18. Suzie2

    Suzie2

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    Not a great experience with the Australian Stock Report! The company offers lots of promises for assistance, but once they have your money there seems to be little interest and support. They sell courses and then don't run them, with no refunds. :mad:
     
  19. Bort

    Bort

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    I tried the service when several years ago when I was out of school.

    In my humble opinion the reports are certainly not the worst. They out in trade specifics with some indication of risk management so from a process point of view it can't hurt a novice to look at regular trade setups.

    Sure you could look at coming up with your own daily ideas but if you're thinking about these guys you're probably not going to do that. I would value it at $50 per month until you got your dose or moved onto other things.

    To be honest the weekend seminar, in my humble opinion was junk.

    Moving average crossover system, basic TA and candlesticks. The only useful thing there was access to Nial Fuller for part of the time. I have the presentation 10 or so years on so when people ask me about them I can show you what a few grand can get. If you honestly want to make a go of it I would read Alexander Elder instead of the seminar. Then if you can't say no to the salesman get a year of alerts for whatever you can bargain.

    And let's be honest, Big Karl hasn't had his licence suspended by ASIC and he is on TV and he doesnt talk junk so they can't be that bad!

    On the other side I have asked so called fundental gurus like Clime and Lincoln and been told thy cant get me a list of stocks and when they go ex-dividend which any can run.
     
  20. prophesa

    prophesa

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    ASR is probably the best report I've used to be honest. I think they've had a change in staff so they have improved results. I don't follow any of their recommendations but merely use their report for education purposes. I attended their Trading Plan Plus education course and I was extremely happy with it. I learnt a huge amount and it opened my eyes to trend trading. I think it's definitely worth it. All up I've paid about 10k in fees. I've made about 7k in about 3 months so it will eventually pay itself off.

    I think what your paying them for is education and it's a worthwhile investment.
     
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