Thestreet's "Under $10 Stock" Newsletter--Review: Final

[zyzzyva57]

Well, I canceled out of the newsletter this week.

I found the advice not worth $30 a month. Its help cost me another $300 from bad advice. The newsletter did suggest “svi” a week before Cramer pumped it. The problem was I was tied up with 3 other stocks the newsletter liked.

It missed “abxa” losing a major contract. The week before the newsletter predicted a good balance sheet for “desc.” The balance sheet was weak. It kept suggesting to hold on to “terne.” Only after it was in the wind the company might be yanked from trading did the newsletter email to sell. Heretofore, the newsletter suggested hanging in there.

The bottom line was I lost faith in its advice. Sure “svi” looks like a winner, but when first suggested I had lost confidence in the newsletter’s advice.

In sum: My gripe is not I lost money on its picks, but its advice I could not trust

Oh, Cramer’s picks of under $10 is only tangentially linked to anything in the newsletter

Next week, I will begin a review on another newsletter for two weeks (the free trial)…Hint: This test will answer a big question about Cramer’s picks. This should be interesting.

[madcowdisease]

Muchos gracias

[zyzzyva57]

Let me overly fair!

This newsletter did pick "svi" (at $7ish) a week before the Cramer Bounce.

How do you know if the newsletter might be right for you? Very simple: when you buy a "Cramer Pick," do you a large percent of the time pick the one stock out of the fluff that makes money? If so, this newsletter may help you. I lack this ability; ergo, this newsletter lost me $300, because I tried to be fair and pick 3 stocks that ran the gamut: from safe ("abxa)," so-so ("desc"), and a sheer gamble ("terne"). In all cases, the advice or lack thereof, sucked.

I tried the newsletter 2 weeks free plus 4-weeks paid...

I learned my own homework ain't bad...The newsletter did confirm that...I refused for 6-weeks to believe in myself...I learned beware of "experts" even if you pay...You best ASAP become your own "expert"--Another Newbie Tip...

[Martin]

I am in college and only have ~2000 to play w/ in my trading acct. I subscribed to this newsletter thinking I could get an extra edge and make some money, but at 30/month, I find myself losing more money on this than doing my own research. With having only about 300-500 bucks to trade with for a single stock, commission fees eat up my gains at 10.99 a trade. I haven't took their advice on a single stock because they're not ones I would even consider.

come monday I am cancelling my subscription.

[zyzzyva57]

hate you got burned, too...

Look, check out from your library, hands down, the best book I have found to get a handle on the stock market: Stan Weinstein's "Secrets for Profiting in Bull and Bear Markets"

Everytime I have gone against this book (e.g., this newsletter), I have gotten burned. Everytime I have followed it I have won. I read parts of this book daily. It is a true financial bible.

I bought my own like new copy on eBay for $4 including postage from a burned out Day Trader.

If you try this book, post if you find it as edifying as I, or not...Do use the library first.

[blackhawkzone]

if you are going to review the action alerts plus free trial, keep in mind that those stocks are not necessarily the ones on his tv or radio show.

a lot of stocks talked about on tv or radio are not part of the charitable trust and may never be.

there is a limit of 25 stocks in the trust, which has just dropped to 23 with the flushing out of boeing and wells fargo in the past two days.

[zyzzyva57]

So far, I am not fascinated with what should be free--$400 a year, wow-w

Thanks for the skinny

[roehrigs01]

I am in college and only have ~2000 to play w/ in my trading acct. I subscribed to this newsletter thinking I could get an extra edge and make some money, but at 30/month, I find myself losing more money on this than doing my own research. With having only about 300-500 bucks to trade with for a single stock, commission fees eat up my gains at 10.99 a trade. I haven't took their advice on a single stock because they're not ones I would even consider.

come monday I am cancelling my subscription.

martin.. you should get a new broker.. like IB for $1 a trade mostly...

[Martin]

martin.. you should get a new broker.. like IB for $1 a trade mostly...

trust... i dont know and never heard of IB

[zyzzyva57]

Now that I am testing Cramer's own newsletter, I think I see how thestreet.com's newsletterS do things: first, you have to have the money to buy a newsletter's portfolio and then use the regular updates to make adjustments to the portfolio. It seems with this newsletter to buy the array of stocks you need a $100 k at least. ALL the newsletters push diversification, thus the huge sum of money. With Cramer's newsletter, 500K. Picking one or two stocks from either newsletters is about like picking one or two stocks from CramerLand--though, because Cramer only plays with the best stocks, he has a lot fewer misses.

In sum, if the prices of these newsletter don't make you blink, then the newsletters are worth their price. Neither though give you much if any insight on what Cramer will feature on CramerLand. For this, you have to either work on his shows or around his shows.

[blackhawkzone]

i think that you can modify the portfolio to fit your needs.

for instance, you dont have to do all the buys and sells that he does.

I own 15 of his 25 stocks in a roth ira with a market value just shy of 9,000

I just work in 500 dollar incriments.

[zyzzyva57]

If you do not really notice the cost of the newsletter it is worth it

[blackhawkzone]

you can make back the cost of the newsletter with one good trade.

btw-cramer just sent this out:

As all of you Action Alerts PLUS subscribers know, I run
this service as a charitable trust with the intention of
distributing all realized gains to worthy charities. The
service is intended to act as an educational tool with a
focus on making money that the charitable trust can
distribute.
I'm alerting you readers that I've made the final
distribution from my charitable trust for 2005 trading
profits. I'm giving $61,520 to the Intrepid Fallen Heroes
Fund, a group that's devoted to helping members of our
troops overseas who come home with debilitating injuries.

This brings my total charitable donations for 2005 to
$141,520. On Jan. 11, I made two disbursements: $40,000 to
the Imus Ranch and 40,000 to the Boys & Girls Club of
Greater Baton Rouge, La. The portfolio page has been
changed to reflect the cash outlay. As with my other two
donations, these payments do not affect the year-to-date
or overall performance of the portfolio.

Thanks to all of you for taking the service and giving me
an opportunity to tell you about these disbursements.

[zyzzyva57]

(1) If you can write out a $400 check the ActionPlus Newsletter and not notice
(2) And you have some major dollars to buy at least 5 of his stocks listed in portfolio
(3) You have the ability to pick more winners than losers

If you meet this criteria, or don't, go for it

If you disagree with my appraisal, fine, buy

You can try a free trial and see if you can afford to play the real Cramer and not what you see on TV

He is good if you have major money to play in his pin

I won't argue the real Cramer does not know his stock

When you see his portfolio you can see he knows how to pick stocks when he is not trying to nightly fill a tv show, and you have major money