zyzzyva57
03-06-2006, 08:37 PM
I am picking up some interest in my testing of thestreet’s “Under $10 Stocks” newsletter. From a previous post, let’s start here as of this date (6 March 06)…I will update how $ucce$$ful or not the newsletter is. I, of course, cannot reveal too many details for obvious legal reasons, but you can judge if you want to try a FREE Trial. So far, I like it. I am in week 4 as a paid member having tried a free trial of the newsletter. I like under $10 stocks. I do not want garbage stocks, but nascent companies who have a chance to rise. I do not want fallen angels (e.g., Lucent) or junk stock.
(Although I cannot afford most of the stocks Cramer would recommend, I would if I could, subscribe to his Action Alerts Plus newsletter so I could stay updated on his picks. Note, too, the preamble to his show says his picks may have already been dissiminated. He may well mean only his newsletter.)
Anyway, the newsletter I am testing is run by a team. There are two categories given: “Ones” are picks the team buys for its portfolio. (There are 12 Ones this week) “Two’s” are on a Watch List if the stock price reaches a certain point. (There are around 12 Twos.)
One’s are monitored for such things as upcoming Earning Reports, etc.
Daily, I get email on changes in the team’s portfolio--e.g., Adds, Sell, Mo-backs, etc.
Okay, here goes a taste of the newsletter for this week:
Its strangest pick has to be “terne.” It is such an unusual pick because of its awful chart. I could not resist a taste for the shere ugliness. Indeed, this stock picker team added to its position last week. I am in for the test at 140 shares. Monitor it with me. If this pick gets a $1+ per share gain, this will be a major call by this newsletter.
A more conventional call is "desc," which could have been bought at $9 when the letter said buy. What I liked was a heads up the Earning Report would be out the 6th (Tue) and it should be good. Although I do not own this call, I am going to monitor the newsletter's success here. If I bought at around $9 would I be in the money after Tue? (Personally, I would have set a Trailing Stop at a 3% sell if I owned the stock just in case a good ER crashes the stock, so I could capture the the fifty cents gain.)
Today (6th), I got an email to sell “bkhm” from the newsletter. Had I bought in when the newsletter told me, I could have booked a 15% gain. Now, here is where the newsletter is key: Cramer, who like(d) the stock, would have got me in, but suppose no caller asked about the stock? Suppose two days later from now, someone does call, and he is bearish about the stock. He does not mention heretofore he had been bullish. See where I am going with this? You could have bought in and then assumed he was still bullish. You do not get the change in temperament with the show. You can find all kinds of FREE good stock picks from his show to Motley Fool, the street, etc--but once in, you get no daily help. As a Newbie who uses Scottrade, I am in a danger zone if I try to do the ride myself, I have found.
Cramer does NOT give away FREE daily guidance on his picks (see above comment about his personal newsletter I assume offers this). His company thestreet offers various kinds of newsletters for sale focusing on a particular aspect of his stock picks. Now his newsletters do not strictly follow his TV picks (but his own newsletter may), but with the one I am testing, I do have a greater chance he will select one of its picks, and if so, I am paying the equivalent of a tank of gas for a month to track the stock. Even if only the newsletter picks a stock, I am not left hanging. Is it worth a tank of gas a month? Stay tuned and I will keep you updated. Incidently, "terne" is its only unusual pick and/or wild gamble.
(Although I cannot afford most of the stocks Cramer would recommend, I would if I could, subscribe to his Action Alerts Plus newsletter so I could stay updated on his picks. Note, too, the preamble to his show says his picks may have already been dissiminated. He may well mean only his newsletter.)
Anyway, the newsletter I am testing is run by a team. There are two categories given: “Ones” are picks the team buys for its portfolio. (There are 12 Ones this week) “Two’s” are on a Watch List if the stock price reaches a certain point. (There are around 12 Twos.)
One’s are monitored for such things as upcoming Earning Reports, etc.
Daily, I get email on changes in the team’s portfolio--e.g., Adds, Sell, Mo-backs, etc.
Okay, here goes a taste of the newsletter for this week:
Its strangest pick has to be “terne.” It is such an unusual pick because of its awful chart. I could not resist a taste for the shere ugliness. Indeed, this stock picker team added to its position last week. I am in for the test at 140 shares. Monitor it with me. If this pick gets a $1+ per share gain, this will be a major call by this newsletter.
A more conventional call is "desc," which could have been bought at $9 when the letter said buy. What I liked was a heads up the Earning Report would be out the 6th (Tue) and it should be good. Although I do not own this call, I am going to monitor the newsletter's success here. If I bought at around $9 would I be in the money after Tue? (Personally, I would have set a Trailing Stop at a 3% sell if I owned the stock just in case a good ER crashes the stock, so I could capture the the fifty cents gain.)
Today (6th), I got an email to sell “bkhm” from the newsletter. Had I bought in when the newsletter told me, I could have booked a 15% gain. Now, here is where the newsletter is key: Cramer, who like(d) the stock, would have got me in, but suppose no caller asked about the stock? Suppose two days later from now, someone does call, and he is bearish about the stock. He does not mention heretofore he had been bullish. See where I am going with this? You could have bought in and then assumed he was still bullish. You do not get the change in temperament with the show. You can find all kinds of FREE good stock picks from his show to Motley Fool, the street, etc--but once in, you get no daily help. As a Newbie who uses Scottrade, I am in a danger zone if I try to do the ride myself, I have found.
Cramer does NOT give away FREE daily guidance on his picks (see above comment about his personal newsletter I assume offers this). His company thestreet offers various kinds of newsletters for sale focusing on a particular aspect of his stock picks. Now his newsletters do not strictly follow his TV picks (but his own newsletter may), but with the one I am testing, I do have a greater chance he will select one of its picks, and if so, I am paying the equivalent of a tank of gas for a month to track the stock. Even if only the newsletter picks a stock, I am not left hanging. Is it worth a tank of gas a month? Stay tuned and I will keep you updated. Incidently, "terne" is its only unusual pick and/or wild gamble.