MicroCapMillionaires.com’s 919 Stock Picking System
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2 Negative Reviews
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(You can read the full User Reviews of MicroCapMillionaires.com’s 919 Stock Picking System at the end of the Trading Systems summary)
Filed as: newsletter, penny stocks
Tags: Matt Morris, newsletter, penny stocks
Details of MicroCapMillionaires.com’s 919 Stock Picking System
Format: eMail Newsletter
Cost: $49 per month (price correct as of 3rd May 2008)
Their Pitch
What you are about to be exposed to isn’t your everyday type of news. I call it “news” because it would make a great read in any hometown newspaper. Here’s what happened - A group of four college kids wanted to prove that absolutely “anyone” can get rich (yes, I said get rich) simply by buying and selling stocks by following their “stock picking” recommendations. That “anyone” happened to be me…I agreed to be their “lab rat” for this experiment in stock picking.
It all started when these four young men were feeling the “pinch” of attending school full time while holding down a part time job to cover living expenses. One of the guys spotted an ad for a stock market trading seminar in a nearby convention center. He convinced his three friends to attend the seminar with him. After the seminar was over, the foursome decided that the stock market was going to be their “out” from the “rat race” of life & the window of opportunity for them to become extravagantly wealthy at very young ages (all were younger than 26).
They began to exhaustively research the different investing strategies of investors, day traders, hedge funds, etc. After discussing the possibilities, both good and bad, they became somewhat discouraged. Why? Well, most “big board” stocks traded on the New York Stock Exchange & the NASDAQ didn’t seem produce big enough gains in short periods of time.
However some stocks trade on smaller, more volatile exchanges. The two exchanges where these stocks with huge potential reside are called the OTCBB and Pink Sheets. (OTCBB stands for over-the-counter-bulletin-board) Many people commonly refer to these stocks as “microcap stocks”, or even “penny stocks”. You won’t see stocks trading on these two exchanges unless they are small to mid sized companies. That’s not a bad thing by any stretch of the imagination. Their small structure means they have extraordinary room to grow…which is key to investors looking for 1,000% gains or more.
The 4 soon to be stock-picking-dynamos came to affectionately coin these underexposed, undervalued stocks as “Stealth Stocks”…That’s when the sleepless nights of research, research and more research began until they uncovered the three elements that would drive the huge gains they were looking for Buying pressure! Buying Pressure! Buying Pressure!
It was at that point that they decided to give their new system a name. On that day, MicroCapMillionaires.com’s 919 Stock Picking System was born. I’m not too sure exactly why they call it that, and to be honest, I don’t know that they do either but…..
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- : 4.0
- : 6.0
- : 3.3
For the full pitch and to purchase this system, please Visit the Site
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MicrocapMillionaires is an Affiliate promoted website that “claims” to have a low and limited number of subscriptions available. Online information posted by the “owner” of MicrocapMillionaires “Matt” last name either Morris or Thompson depending upon which he was using when he wrote the type. While I can respect him not using to use hie real name online I do think his use of multiple identities is a red flag.
“Matt” appears to have been involved in trading for a very short period of time according to blog posts (screen shots saved) he himself has made just prior to launch of Microcap Millionaires. Matt appears to have been involved as a subscriber in the DoublingStocks newsletter which has been proven through intense investigation to be a scam.
Microcap Millionaires is also associated with other affiliate websites which a bit of research will turn up.
Website reviews as the one above are now appearing online and as the one above much of the script is direct from Microcap Millionaires website.
The Microcap Millionaires website claims to use the secret 919 trading system and that there was an SEC investigation which cleared the systems creators of suspicion of inside trading. A search @ the SEC however reveals No Such system not any such investigation.
In the vast majority of these pennystock newsletters the newsletter owner and any associates they may have will buy stock, then when their subscribers buy upon receiving their “picks” the spurt in trading will make the market price go up thereby providing a nice profit and equally importantly BUYERS for the stock. Also, once the majority of the subscribers buy, there are not enough buyers and they are left holding a stock that has subsequently dropped back down from the bump created and are bag holders. The Newsletter owners will show charts showing how the stock price rose and how the subscribers theoretically could have huge gains. Unfortunately any experienced trader will see the truth in the chart, that whoever was selling was making money and the majority of buyers on the rise got stuck.
If someone wants to subscribe to Microcap Millionaires do NOT go into it thinking you are actually going to “If you start following the Microcap Millionaires stealth stock picks with just $200, you can have a $1,000,000 bank account after just 30 trades.” as it states on the website. If a BullFrog had wings comes to mind. Reading the hype and the too good to be true” type of results remind me a bit too much of the fake Poker Robot or the fake Stock Robot.
A detailed investigation on this program is underway by the same people who decompiled and exposed DoublingStocks. If the program is legit fine however with the so called 919 system, the supposed Cleared SEC investigation, the hyped results, the “limited” subscriber list on a clickbank affiliate site… well it isn’t looking too good at this point especially for the unitiated trader new to the underworld of Penny Stocks.
“with just $200, you can have a $1,000,000 bank account after just 30 trades.” Does that statement sound too good to be true? What do you think the SEC would think about such an exaggerated claim? Has the publisher of the newsletter made more money trading stocks or selling newsletter subscriptions?
An evaluation of microcapmillionaires will soon be up at PennyStockTruth.com
The sales pitch is ludicrous, far too hyped and if they toned it down a bit they would probably be able to sell far more subscriptions as people might take them more seriously for what I have found to be a pretty good newsletter.
Most of these stocks are under $1, often well under, so it’s best to expect a total loss from the losers. However, the “wins” tend to be pretty big. On that front they say something in the blurb about how you can turn a few dollars into millions in a few trades - don’t do this. Instead, break up your equity into smaller slices and invest these into the picks. I have found that they find winners around 2/3 of the time and as I said, the losers are pretty much worthless but the winners are usually good, so you can make money on this hit rate - they claim an average of 153% which seems a bit high, but they certainly do return enough to make money over the losers (I worked it out as 87% on average for the ones I have taken)
Lastly, don’t expect to make millions on this, the penny stocks they trade in are very thinly traded, so you will find it hard to take a position of more than a few thousand dollars, but as a way to make a good return it is a very good newsletter, certainly the best I have found of this type.