28 Oct, 2019 → by ClaimboUser451996
Losses are understated
3
STANSBERRY Research TRADER recently recommended to sell $38 put option on TWTR for at least $1. The stock tanked following a bad earning report, and they advised to buy the option back to close it at $7.40 (a loss of 640%!). They said that they calculated the loss to be only 16.3%. They constantly talk up the wins and sweep serious losses under the carpet or even misrepresent the level of the loss as in the above. Similarly a few months ago the same service recommended a trade on Bidu which not only tanked but if one missed the "get out" advice by even a day, they took a blood bath. Again simply swept under the rug.