Doubling Stocks Review
#3 Doubling Stocks
Website: www.doublingstocks.com
Pick Quality: 6/10
Biased: Yes
Random "Dartboard Sampling" Win Rate (2 months): 63%
Methodology: Various technical indicators via "MARL, the stock trading robot", with a bias in terms of getting compensated by companies for their stock picks.
Overview: Doubling Stocks is a HEAVILY advertised and fairly controversial penny stock newsletter. Some say it's a total scam, others say they've had good results from it.
Now, hopefully you don't believe there is a real robot sitting there making stock picks...obviously a marketing gimmick.
Probably the biggest controversial point about Doubling Stocks is the "robot" aspect gives the impression that stock picks being unbiased, yet the fine print discloses that they are being compensated for their picks.
While we are not legal experts or anything, but a quick scan of SEC newsletter regulations seem to indicate this is practice is allowable as long as they provide disclosure of compensation, which they appear to do.
So the main question is, are biased stock picks good or bad? Well, it depends on your point of view...
If you just feel more comfortable with truly objective information, biased picks are obviously going to present an ethical dilemma.
If you're only concerned about profits, these biased picks can actually be good simply from the standpoint of the large number of subscribers on this newsletter jumping on board.
The key though with biased picks and newsletters like this, is jumping on picks fast before the rest of the subscribers do, and getting out fast before the hype and promotional influence dies down. If you get greedy, you're going to probably just ride it up and back down for the most part.
Bottom Line: Riding newsletter pick waves with Doubling Stocks can potentially be profitable. Our average "dartboard sampling" average gain was the highest at 213%, yet the questionable compensation practices and resulting bias on stock picks may not set well with everyone so we are ranking this last.
Read More About MARL the Stock Trading Robot and Doubling Stocks Here
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