I was thinking about signing up to "The Wrong Price" but would appreciate the collective wisdom of you guys before so doing.

cheers, b

bonfield...from my experience, all tips follow same pattern

By the time you get the Tipsheet ( either hard copy through the door, or online) , the tipped share will already have gone up from say their quoted price of 1 ( sell 95p , buy 1.05) ....up to sell @ 1.02 and buy @ 1.15
You decide to get in and have to buy @ 1.15 and if you want to sell you will only get 1.02 which equates to about a 12 per cent loss.
When you receive next months tip sheet, the tipster will say

'we tipped these @ 1.00 and are now at 1.15 and another 15% gain'
whereas in reality you are sitting on a 12% loss

My suggestion is DYOR and try and be one step ahead of the game rather than being one step behind it when all of the cream has gone.
This bulletin board can be very useful, but as always you must read between the lines....and more importantly work out who the knowledgeable guys are and who are the rampers...wont mention any names, but study who makes sense and who ramp things up

be lucky....pb

I'd suggest that you start by looking at https://www.tipstracker.com/default.asp.

I am not sure how far you can get into the site without a sub, but if that's a problem you might be able to get a short term trial.

Firstly it will show you just how reliable (or not) some of the key tip sheets are.

That might save you a considerable amount of money. Far more money than the cost of any subscriptions!

Whether you'd want to become a permanent subscriber is another question. In my case I subscribe because I am interested in the techniques used on the site. I use it as a tutorial in my quest to constantly improve my TA techniques.

TP

t1ps is indeed v.good dave, I'd recommend it. Also wat's hot is good for the extra 32. As for the tipsheet effect piston, that's unavoidable. Usually best to wait for the fuss to die down before taking the plunge. As for DYOR, I used to spend hours on it, only to find that I was underperforming big time. My results improved dramatically when I started investing in smaller cos. Unfortunately time pressures mean there are too many for me to research without getting a few leads from somewhere.

I've heard good things about MOMI and SCSW giggin, hope you are doing well with them. I did have a free trial last year sometime but I had loads of hassle getting a refund from them, court action the lot. A bit disappointing when companies do that. Can't fault the tips though. Any ideas where I can get them from (they won't accept a sub from me now I don't think :-( ).Last I heard they were holding PHTM, SYR,MBY,CPW,FWY,BUR,NMS,NTG,CNT,NLR,SPI,GKP but that was 11 months ago.

As for tipstracker, tempted but 300 smackers ouch!. I figured some of those should filter through to t1ps.com as some of the MOMI ones like BUR, MBY did. Not sure who tipped first admittedly.

thanks all for your replies. Good hunting.

Bonf,

I steered you to Tipstracker as it would have shown you just how dangerous most of the tips are.

The number of shares being tipped which, certainly by the time the sheet reaches the reader, are clearly out and out sells is mindbending.

If you don't believe me try to get yourself a trial period on the site.

Then if you decide to subscribe to a tip sheet let us know.

TP

Have a look at " techinvest" before you splash out...google...techinvest ie..
It got me started, theres a sample copy and existing "running" portfilo/s to check out.
The same applies the "Herd instincint" affects the 'buy recom's' sp. every monday morn. after the envelope hits the mat.......then the dust clears....
Which to thier credit they advise about....
Have a look at 'Sterling's' thread....the opposite applys too!!
Redhotpenny took them off thier "hot" list

Shep