If you subscribe to many investment websites, your mailbox probably gets inundated with stock spam and investment “teasers”. The spam can go straight to the trash bin; however, the teasers are more of a curiosity. These stock teasers are usually from some “guru” or “expert” trying to sell a subscription or membership to their newsletter or stock picking service.
Most of these teasers are nothing more than sales letters. They do not name the stock outright, but give out little hints about this next “big” winner. If you want to know more about this un-named stock and other picks, you’ll have to shell out some money for the info. Prices usually ranges from $99 to over $1000 for a few months or up to a year for this service.
Not everyone has the money to spend on these newsletters or stock picks. In most cases, with a little bit of sleuthing one can figure out the stock they are talking about. So, before spending some money to satisfy your curiosity, check out the StockGumshoe.com site. It’s a great blog that does a good job of deciphering these stock teasers and has some humorous commentaries to boot.
If you are just looking for some free stock picks, then swing on by www.platinumpicks.blogspot.com for some daily picks from Nick Darpino. It’s a fairly new stock picking site with the goal of building 10K to 1M in a year by trying to make a small 2.5% gain per day with a 3% stop loss protection. So far, since its initial launch, he’s showing an 87% win rate. As of January 15th 2008, has recorded 80 Winners and 10 Stopped Loss.
Day trading may not be for everyone, but if you are so inclined you may also want to check out TimothySykes.com. If experience is a must, then Timothy Sykes’ claim to fame gives him the credentials. In 1999, Tim invested $12,415 of his Bar Mitzvah gift and by 2002 turned it into $1.65M. He is attempting to repeat this success on his blog, but this time, his trades are publicly exposed for everyone to follow.
There are no guarantees that you will profit following other people’s stock picks from a blog. However, it is fun to watch and maybe even learn a thing or two if you are new to stock trading.
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