Fat Prophets - Fat Free email stocks
- Thread starter RichKid
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One of their sales guys keeps calling me to try and get me to sign up...
He was quoting a one year return of 40% in their oz mining portfolio.
I think any muppet could have made that kind of return in 2007.
I sent him an email with 6 months charts of the following stocks: SBM, DIO, TZN, CXC and TTY - all stocks they have been recommending heavily and that have been absolutely smashed!
It will be interesting to see how they fare going forward.
He was quoting a one year return of 40% in their oz mining portfolio.
I think any muppet could have made that kind of return in 2007.
I sent him an email with 6 months charts of the following stocks: SBM, DIO, TZN, CXC and TTY - all stocks they have been recommending heavily and that have been absolutely smashed!
It will be interesting to see how they fare going forward.
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Please dont rely on FP to much, take it from someone
who has been burnt. VRE, SOT, DIO
DYOR
If you'd picked COK & EPE (like I didn't
) you would still be well in front!Omg, i have a guy from another subscription service calling me and because i keep asking questions, he says, "look XXX, i don't think we're going to be able to work together", and all this sort of stuff (like we're breaking up from a relationship). I'm sure they have a great product, but:
- He wouldn't give me a PRICE!
- He quoted an astronomical return, which is quite feasible, however, relies on high leverage
- And, he answered just about every one of my sensible questions with another question, thus not giving me an answer. He couldn't even define their 'core' service to me during our initial conversation.
I'm sure they've got a good service, but this salesperson's tactics are bordering on abusive.
they r very quiet, fat profits
only talking of immenent buys while the rest of their pet stocks go further south
their pet commodities, uranium and gold rn't doing too well.
i joined up for some reason...
i read thier recomendations pretty carefully tho.
their web page is pretty crud.
only talking of immenent buys while the rest of their pet stocks go further south
their pet commodities, uranium and gold rn't doing too well.
i joined up for some reason...
i read thier recomendations pretty carefully tho.
their web page is pretty crud.
Every stock good or bad is getting hammered, FP say the selling now is to pay down dept.
There will also be tremendous buying oppotunities when the market turns around. I'd have to agree with that.
They also say what is happening now and what could happen is similar to what happened in 1975, when the market turned around then, stocks moved up so much they said it was quite frightening, lets hope so.
commodities have taken a big hit as well and so has the AU dollar so gold for example miners are still getting well over $900 oz.
I won't be selling my stocks to another trader thats for sure.
There will also be tremendous buying oppotunities when the market turns around. I'd have to agree with that.
They also say what is happening now and what could happen is similar to what happened in 1975, when the market turned around then, stocks moved up so much they said it was quite frightening, lets hope so.
commodities have taken a big hit as well and so has the AU dollar so gold for example miners are still getting well over $900 oz.
I won't be selling my stocks to another trader thats for sure.
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Yeh, as much as it hurts me to look at my portfolio at the moment all i can do now is hold on till the turn around, someone's buying all those stocks that are getting sold off now. kinda wish i'd sold a month ago & bought back in at the bargain prices now though. Ah well thats the benefit of hindsight.
Can anyone tell me what company this is. Might give me something to do, while everyones head is stuck in the sand.
Tiny Aussie Miner Discovers $17.8bn 'Energy-Metal' Deposit
With a melting point of 2,623 ºC, this greyish metal is crucial to 95%
of the world's oil refineries and all new nuclear reactors.
But chances are you've never heard of it...
One tiny Aussie miner is poised to 'bust open' a 30-year 'Energy Metal'
resource in the Pilbara... and could potentially deliver you
400% gains by the last quarter of 2009
"Having been all but ignored for many years, this ('Energy Metal') is now being mined at a ferocious pace as oil, gas and nuclear groups discover how many ways they can use it..." -- MoneyWeek
Tiny Aussie Miner Discovers $17.8bn 'Energy-Metal' Deposit
With a melting point of 2,623 ºC, this greyish metal is crucial to 95%
of the world's oil refineries and all new nuclear reactors.
But chances are you've never heard of it...
One tiny Aussie miner is poised to 'bust open' a 30-year 'Energy Metal'
resource in the Pilbara... and could potentially deliver you
400% gains by the last quarter of 2009
"Having been all but ignored for many years, this ('Energy Metal') is now being mined at a ferocious pace as oil, gas and nuclear groups discover how many ways they can use it..." -- MoneyWeek
subaru69
Just keep swimming...
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Molybdenum
Atomic Symbol: Mo, Melting Point: 2623 ºC. Atomic Weight: 95.94, Boiling Point: 4639 ºC.
From Wiki:
ApplicationsThe ability of molybdenum to withstand extreme temperatures without significantly expanding or softening makes it useful in applications that involve intense heat, including the manufacture of aircraft parts, electrical contacts, industrial motors, and filaments.[20][6] Molybdenum is also used in alloys for its high corrosion resistance and weldability.[5][21] Most high-strength steel alloys are .25% to 8% molybdenum.[4] Despite being used in such small portions, more than 43 million kg of molybdenum is used as an alloying agent each year in stainless steels, tool steels, cast irons, and high-temperature superalloys.[5]
Because of its lower density and more stable price, molybdenum is implemented in the place of tungsten.[5] Molybdenum can be implemented both as an alloying agent and as a flame-resistant coating for other metals. Although its melting point is 2,623 °C (4,753 °F), molybdenum rapidly oxidizes at temperatures above 760 °C (1,400 °F), making it better-suited for use in vacuum environments.[20]
Molybdenum 99 is used as a parent radioisotope to the radioisotope Technetium-99, which is used in many medical procedures.
Molybdenum disulfide (MoS2) is used as a lubricant and an agent. It forms strong films on metallic surfaces, and is highly resistant to both extreme temperatures and high pressure, and for this reason, it is a common additive to engine motor oil; in case of a catastrophic failure, the thin layer of molybdenum prevents metal-on-metal contact. Lead molybdate co-precipitated with lead chromate and lead sulfate is a bright-orange pigment used with ceramics and plastics.[22] Molybdenum trioxide (MoO3) is used as an adhesive between enamels and metals.[23] Molybdenum powder is used as a fertilizer for some plants, such as cauliflower.[5]
Also used in NO, NO2, NOx analyzers in power plants for pollution controls. At 350 °C (662 °F) the element acts as a catalyst for NO2/NOx to form only NO molecules for consistent readings by infrared light.
Supply and demandAlthough current molybdenum production meets demand, refiners, or roasters, are expected to run into a shortfall between 2009 and 2015, depending on demand.
A roaster processes the molybdenum into a fine powder, pellets, or other forms. Total world molybdenum roaster capacity is currently 320 million pounds per year, barely enough to meet demand. There is not much excess roasting capacity, and no one is actively permitting for the production of any new roasters in the United States. Global roaster capacity also looks limited, and a future roaster shortage is predicted. The data above are based on the assumption that mines will be able to increase output.
Western demand is projected to increase by around 3 percent annually, while China and the CIS demand is projected to increase by around 10 percent annually, increasing overall global demand by around 4.5 percent annually. Increasing demand can be attributed to two main factors. Hydroprocessing catalysts are becoming essential for crude oil. The other contributing factor is the increase in nuclear reactor construction. There are 48 nuclear reactors to be built by 2013, and approximately 100 are to be built by 2020. The International Molybdenum Association (IMOA) says that an average reactor contains about 520,000 feet (160,000 m) of stainless steel alloy. Some larger reactors contain over 1 million feet of stainless steel alloy. Unless molybdenum mine production picks up at a rapid pace, shortfalls of the metal are expected to arrive around 2009.[29]
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Yes - it is Moly mines (MOL). The Chilean aspect to the deal and the 10 year deal fits in with all the advertising. See the MOL thread and
http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=57734&sn=Detail
for details.
http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=57734&sn=Detail
for details.
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I found the sales persons cold calls from both Fat prophets and ASR are very much intimidating and they appeared to tell the would be customers that they are clever and customer is an idiot.
They kept on speaking how great they are and when I asked to recommend one share only which I put my money - then the came with disclaimer we can guarantee under law etc all sort of bull.
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Yes It is MOL. If you simply search their website with the keywords on energy play etc will match identical. Currently MOL is in dirt cheap and just managed to get some fund to survive So do not know if FP prediction could be right here.
DYOR
DYOR
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The above is very interesting information.
I have been quite disenchanted with most of the so-called "stock advice" services. I was with FP for a time. Yes, their web site is terrible. The particularly annoying aspect of the 'service' was how they performed an annual 'report card' of their performance, supposedly based on feedback from their subscribers. Having been a subscriber, I had the clearly unrealistic expectation that they would seek feedback from me. I was with them for a few years, but feedback was never sought from me, nor I suspect, from many others. I queried them (ie. what information is your report card based on) via email a couple of times, and was never given a reply. I terminated
my subscription with extreme prejudice. They haven't bothered me since.
I've had other subscriptions over the years, mainly out of curiosity. I've come to a pretty simple conclusion : if their trading is so good, why do they need to be writing newsletters ? Clearly the return on their effort in writing newsletters and ersatz analysis is much greater than trading, and a much lower risk activity.
Another perennial problem with newsletters - entering a trade at the price specified is virtually impossible, due to the presence of other recipients of the newsletter, who in their head long pursuit of instant riches bid up the price, resulting in poor performance or non entry. I called this the bozo effect at the time, but on reflection maybe I was the bozo for persisting with the newsletter !
As the boom times are now well and truly over many of these newsletter writers will return to more productive jobs in the economy and leave us in peace.
Thanks again to others for sharing. My comments above are offered in the same spirit, and simply reflect my experiences.
PS : I should also note that performance from any newsletters I've tried is not terribly spectacular, not much beyond index funds or the better fund managers.
I have been quite disenchanted with most of the so-called "stock advice" services. I was with FP for a time. Yes, their web site is terrible. The particularly annoying aspect of the 'service' was how they performed an annual 'report card' of their performance, supposedly based on feedback from their subscribers. Having been a subscriber, I had the clearly unrealistic expectation that they would seek feedback from me. I was with them for a few years, but feedback was never sought from me, nor I suspect, from many others. I queried them (ie. what information is your report card based on) via email a couple of times, and was never given a reply. I terminated
my subscription with extreme prejudice. They haven't bothered me since.
I've had other subscriptions over the years, mainly out of curiosity. I've come to a pretty simple conclusion : if their trading is so good, why do they need to be writing newsletters ? Clearly the return on their effort in writing newsletters and ersatz analysis is much greater than trading, and a much lower risk activity.
Another perennial problem with newsletters - entering a trade at the price specified is virtually impossible, due to the presence of other recipients of the newsletter, who in their head long pursuit of instant riches bid up the price, resulting in poor performance or non entry. I called this the bozo effect at the time, but on reflection maybe I was the bozo for persisting with the newsletter !
As the boom times are now well and truly over many of these newsletter writers will return to more productive jobs in the economy and leave us in peace.
Thanks again to others for sharing. My comments above are offered in the same spirit, and simply reflect my experiences.
PS : I should also note that performance from any newsletters I've tried is not terribly spectacular, not much beyond index funds or the better fund managers.
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