Penny Stock Prophet is a service by James Connelly in which he identifies penny stocks that he believes will increase substantially in value.
What does the product offer?
Penny Stock Prophet is an email based system in which James Connelly notifies his subscribers of opportunities. These are all in penny stocks and are likely to increase dramatically in value. Penny Stock Prophet doesn’t send out selections every day however and James Connelly acknowledges the inherent risk in trading stocks. For any selections Penny Stock Prophet sends out you receive a report as to why this particular stock was recommended.
How does the product work?
This is where Penny Stock Prophet gets interesting for me. James Connelly says that he has a set of four key variables that he applies when considering a company. He also draws heavily on PSL or Psychological Support Levels. This aspect of Penny Stock Prophet isn’t anything new and it is James Connelly’s secretive variables that make this. Once a potential selection has been identified James Connelly then researches the company before recommending it to Penny Stock Prophet users.
What is the initial investment?
Penny Stock Prophet is available for a onetime payment of $47. This also comes with a 60 day money back guarantee as Penny Stock Prophet is sold through ClickBank.
What is the rate of return?
The rate of return for Penny Stock Prophet is quite clear. James Connelly says that if you start with $1000 you can become a millionaire in just 38 trades.
Conclusion
The returns involved in penny stocks are theoretically possible, but the figures quoted by James Connelly involve direct reinvestment of all your capital. This doesn’t mean that there are no grounds for interest, in fact penny stocks tend to have a fair degree of liquidity. They should be treated as a high risk investment though. Further to this one of the biggest problems with penny stocks can be finding somebody to buy them, especially at the kind of volumes that Penny Stock Prophet seems to recommend.
