Stocks On Alert review: Scam 40

I have a great idea! Let's find the worst stock subscription services out there and do the complete opposite of what they recommend. Should all make a fortune in no time. LOL!

I am of the opinion that some of the above comments are untruthful and/or have been made by people who did not follow the instruction on sizing their investments. I lost money through another such service and when I analysed it I realised it was mostly my fault. The other thing is this: most analysts expected there to be another great collapse in the market after a short rally in 2009 and consequently they recommended puts. Instead the market kept rallying, which resulted in losses. We are about to enter another great money making opportunity like we had in 2008. The best thing a new trader can do, like I was told but didn't do, is paper trade.

For the longest time (years ago) I had a hobby of collecting 'get rich quick' schemes. For some perverse reason, they ammuse me. They ranged from real estate investing with no money; to cash flow plans in which you could supposedly put guys ready to invest millions together with cash hungry businesses and rake off a percentage; all in a day or 2 from home without getting out of your jammies. Today it appears that stock seminars are the scam. Once again; if this person makes so dang much money doing what he supposedly does; why is he not doing it? Why mess with the general public. Work that plan for a few years and buy a private island; jet; mansion; and party forever.

Stocks on alert is a Scam. Just July 25, 2011, Monday, Stocks on Alert announced this stock: GTSO and there also just happened to be numerous press releases. Then of course the stock shot up from .48 to .55 then down to below the beginning to .42. HUMMM so I did some checking and check out this article. http://www.minegolia.com/?p=985 or if you need further proof I called Mr. Shearer... myself to verify this ..and yes the phone call went to this call center try it yourself. This reporter from IB did a great service and here is his final paragraph and I quote, (remember this is a stock that stock alert notified people of Monday, July 25th, 2011! "Before buying shares of a company in the rare earth market, or any market for that matter, practice due diligence to be sure that the company is valid and worthy of your hard earned money. Many of the companies in the rare earth space are still in the early developmental stages, however, can still be good investments. Just be weary of those with spectacular headlines and little to show for it."

I joined the 'Cash Currency Machine' Tradency Forex program. I pretty much lost everything (my fault) and now I want a refund. It clearly states that there is a 2 week windows after 90 days of trying the system out. I tried it out and want out. Has anyone gotten a refund from the 'Cash Currency Machine' system in place now .I really don't want to wait until September since all my money is gone.

The guy is a ripoff plain and simple. I joined December 2009 for speed retirement through hyper compounding strategy. What a bunch of BS. In the beginning the trades worked ok on some mining stocks - unfortunately, just enough to keep me on board. Those were the last good trades. After a couple months the once per week trades that were promised kept falling off to the point where there were hardly any. All we got was webinars where "Greg" would spout off about how the sky was falling. So, there aren't hardly trades any more let alone good one. One trade that's still on to this day as far as I know is DXD. Crash protection ya know! Entered close to 30, now it's about 17 and we're still waiting for the sky to fall! After about 6 months of the BS I tried to get some of my money back because his "service" wasn't anything near what was promised but they told me I was beyond the 90 days. I should have gotten a lawyer. In any case, stay away. The guy is a real sleeze ball who thinks he's smart because he know's "a little" about the economy and can BS with the best of them.

Okay this is not good news concerning "wealthinsideralliance.com". I am having all kinds of difficulties getting my two thousand buck refund. I have been trying since July1st, but they don't respond to my emails and like the op said their phone number is no longer working [protected]). So in essence, you can't call anyone or contact anyone. sheeessshh
I signed up with them through Timothy Sykes, "Penny Stock Millionare" program. Yesterday I got into his chat room and asked why the delay and no response. Timothy went a long diatribe of insults and using the "F" word on me in front of everyone in the chat room. Then he said it was a "Petty Concern". Well, I guess two thousand dollars is a petty concern to him, but not to me. Then he told me that "wealthinsideralliance" was a different company and that they do things their own way. And to quite talking about it in the chatroom. This guy is really a hothead, and really goes off the edge on insults and cussing at you, I was shocked. Remember all I was doing was trying to find out why the slow response to my email's. This "different" company thing is truly a revelation. He has his picture splattered all over the ad, his posts and his research reports are all over that website. He sent me emails about the wonderful world of Penny Stock Millionare, for about 1 month in advance, and then finally it was online. Then when you question them - uh - all of a sudden it's a different company. Fishy Fishy Fishy. I have no desire to support Timothy with my hard earned money ever again. I don't care if I miss out on a million bucks, I am just not going to be a part of the money support team to help this guy treat everyone who questions him in this most rude and venemous style.
Now in all fairness if I ever do get my refund, then I will update this post. But for right now I am highly concerned - and they don't seem to want to contact me with any kind of reassurance. So they are highly suspect right now.

I to have joined the macro hedge fund bull ### artist. I followed every trade allert. According to the John Thomas scam, traders that trade everyday are idiots or even every wk. There are only 3 to4 big swings in the market and you need to catch them. That is what the recording stated. Sounded good because I can not sit at the computer everyday and wait for the trade allerts.
But I got one or two wkly, some made money, some broke even. 3 were good. Far cry with the returns he states. I have tried to get my money back. The number changes, the email changes, the way they take emails now has just changed. You can not speak to anyone. It is a crock of ### what they say. I paper traded all the allerts, when they came in on my phone. I would log them at night. If after 90 days they were good, I would do auto pilot to my account. But now that I want a refund, it is the internet run around. So if anyone is out thier going to or thinking about joining this crew of idiots. DON'T, THEY ARE ALL FULL OF BULL ###. What they claim is not real, oh, you should have gotten in the last trade, this one did not work. Or, I am traveling over here, over here, come join me for lunch at Europe, SanFran, Hawai, Germany, its all bs. Oh, I like the storys that Thomas sprouts off on secret mission people he is meeting. What kind of drugs is he on. Storys of grndure. I am still trying to reach these thieves. This was the number to call [protected] it no longer works. I have my list of allerts and time and prices for the options and trades, which adds up to a lose over all. I am glad I did not sign for 2, 0000 window. It should have warned me when he allowed me to join for a quarter. 527.00
Remember he says, just 500 people are going to join or allowed in this aspect. 500 x 2, 0000 = 1 million. So this is the rip off. Oh by the way, it is 500 per wk so I found out. These guys do not make money in stocks, they make money sucking people in saying they make money in stocks. That is the scam. They are full of ###.

I would not trust wealth insider alliance and john thomas. I contacted them within 24 hours of signing up... they kept the $1997 and wouldn't hear of any refund. I do not consider these people honest. don't expect to ever see a dime refunded from this outfit.
Wryan

Preston is okay and seems to try and be straight up. Just there is tons of material in any of his courses

I purchased Greg Roy's Wealth Insider Alliance Speed Retirement System and it has been a complete disaster. Basically a total loss of all invested money. Even on their website, they don't even show the trade history losses, because people would see that during their trial and cancel immediately (see attached image for the proof). I have requested a refund (was promised a no-hassle refund during purchase), but they have refused to refund my money. It's a total hassle, but I likely will have to follow up with the authorities and the Federal Trade Commission. Maybe some Federal lawyers will prompt them to honor their refund promise.

@sjaak-I found you in our system and you received a FULL refund. Your received a $10 refund on April 26, 2010 and a refund for $1497 on May 25, 2010. On May 24, 2010 you emailed support asking for a refund. We replied to you stating you had to follow the guarantee to receive a refund on May 25, 2010. Your replied with copies of your statements attached on May 25, 2010 and we replied on May 25, 2010 that your refund had been processed.

WEALTHINSIDERALLIANCE is the biggest scam ever! I folowed stocksonalert and you 90% of your porftolio if you did the trades! 90% in 1 year! The people above here like frankthetank just is one of the people who work in wealthinsideralliance! Say if you followed al the trades your 60% up now hahahah. THATS [censor]. Also i became a member of cashflowtrader and thaught maybe this works but again in just one monht $ 9.000, - loss. I followed the recommendations 30 days i showed that i made a loss but still they didnt want to give the money back! SO I WARN YOU! DONT BECOME A MEMBER. There are 2 options with what can happen. 1. you loose all your money 2. you loose all your money + you dont get a refund. I will be later here and will post all my statements and trades. SO you can see ITS ONE BIG LIE!

Anyone heard of John Thomas and his Macro Millionaire program? He's letting a few thousand people in. Surely someone here has heard about it -- it's being managed by WealthInsiderAlliance.com

I have bought all the products that wealthinsideralliance.com sells and every single one is in the money and I have an extremely diverse portfolio now. I just wanted to post to give them a good name. They've done nothing but make me money, so no reason for a refund for me!

I am not sure about some of these complaints... If you follow a shadow trading system, you have to FOLLOW it and buy and sell when you are instructed to - not when you feel like it.

There may be a few genuine complaints, but some complaints (ex Dorothy4900) sound more like people who don't know what they are doing. Why on earth would you not want to submit a copy of your trade history for a refund so they can view if you've placed the trades right? I have seen the retirement trade ads and they do indeed say you will get a refund if you provide proof of your trades that shows you follow them properly. To argue and refuse to provide copies of your trades is simply odd and sound like a fake complaint. Why should they issue you a refund merely based on your own statements and arguments?

Greg Roy is a rip-off. I emailed a request for a refund in the 30 days after getting none of my questions answered. I then emailed a second request a couple of days later following up the original request. I was told that they never got my first one and my second one was two days too late. I complained saying that Greg Roy never answered my questions which were critical of the positions and complaining about follow up on closing trades. Weeks after I sent those questions, the answers were posted after I asked for a refund and stated the lack of response was just one of the problems. I never got my refund. I stated that if they had "closed" the program as they advertised, they could give my spot to someone else who got closed out. This really is a class action law suit that needs to happen - can anyone say Investools.

Hello,

This message is to all the people that had the SPY, VIX and QQQQ trades. It just must be proven that all good things come to those who have patience. My account now stands at over a 63% profit from all the Trades recommend by Greg Roy in the Crash Protection/Stocks on Alert. With a decent size account i am now loving my profits that have recently hit in the six figures range! :) i am sure glad i stayed in the program and had faith! I feel bad for the people who lost faith. The stock market takes time and patience to really make real profits...

I have recently came back to this site to see what has happened in the previous month or so. My good friend and neighbor just had major family issues and had to get a refund for the product. He is 100% unable to do anything but take care of a family that just experienced a terrible unseen event. He sent in his paper trades of the of recommendations issued and received a full refund the next day as well. To most of the people above, when you but something with a guarantee all you have to do is follow the parameters for a refund as my neighbor and good friend did. I am still with the system in faith because i still have a gain for the Speed Retirement System and temporary market trends have been very tough to make profits in. I wonder where my account will be at the end of the year.
P.S. As i have mentioned earlier about being a previous customer with Greg. I have kept all the trades from stocks on alert and am now 60% up from where i started day one thanks to the VIX, QQQQ and SPY trades Cheri Fleming did not have the faith to stay in. I guess all have to say in the end good things come to whom that waits and has faith as i did:)

this guy is a total fraud... 100% losing trades.. save yourself heartache.. he keeps changing his identity. what does that tell you.. a total fraud

I have been getting emails about Speed Retirement and thinking about trying out the service since they were offering a money-back guarantee. Looks like it would be difficult to get any refund and I am glad I found this website and for all of your comments.
Grateful!

In my opinion the claims made by Jamie and Barry are close to impossible. So what, they have "certified' account records that show how someone turned 50K into 2.5 million in the last 5 years...Yeah right, I got your certified right here. Don't believe it for one minute.

Here are some big indicators here that this is just a great way to get your money;
After the 6 day email course, the 'charter' membership was opened at a '50%' discount off the 'regular' rate of $595. So for $295 you get charter membership for a year, and never have to pay more than the $295 forever! What a great deal huh? He even made a statement about why he 'didn't' offer any guaranty... but wait the next day the offer was now $99. for a year WITH A MONEY BACK QUARANTY...hmm

Then the stuff from wealth alliance came with a 'free' video of how you can turn 50k into 2.5 mil in 5 years. Same pie in the sky statements about how you'll never loose money in the market again...yeah..if you stop playing today you won't loose money, to believe anything else is just plain stupid!
And again, they are making this stuff up as they go...the first email I got had this at the top:

Hurry, you've only got a 1-hour head-start – go
here now to grab a 30-day Speed Retirement trial
membership for just $10 before they're all gone

When I called them on it here is the weak excuse they gave me:

Hello,

"Yeah sorry about that our email delivery company glitched this morning. We will not offer trials for Barry's product. We will only offer annual memberships with 90 day guarantees. Take a look at this...Barry is our new expert trader. He has had 20+ years of profitable experience in the markets. Last year he reaped a 48% profit margin! Did you get those kind of returns last year? Here is the proof from his certified financial statements from last year."

I should of done this, it's a great scam...They made somewhere around $50k in 2 days. I’m betting that no one makes any real money with these clowns.. and good luck on getting any money back, no matter what the claim..you’re out whatever you gave them..
I will close this rant with the only good thing my Father ever taught me:

“IF IT SOUNDS TOO GOOD TO BE TRUE IT ISN'T!"

I had an initial subscription to Stock Crash Protection in November, 2009. I followed that with a subscription to Speed Retirement in December, 2009. I was charged a total of $4, 491.00. After nothing but losing trades on the SPY and VIX, I attempted to get a pro rated refund in January. I offered to submit copies of my trading account, which CLEARLY show the losses incurred following Greg Roy's recommendations. Thus far, have only managed to recover $1, 497.00. I am now going to seek relief through my state Attorney General and the FTC. People like Greg Roy or whatever his name is, should not only be put out of business, they should be put in jail!

Greg Roys program is now sold out after reaching
approx 1000 members and because we don't want
to deteriorate the options pricing by having too many
members following the same stocks we've stopped
taking sales for all of greg roys current programs
for the rest of 2011.

Starting April 29th we're introducing a new stock
trader with new trades into the "Speed Retirement System"
and you can evaluate the quality of our program for
yourself here:

http://www.wealthinsideralliance.com/speedretirementsystem

Hi this is Jason Cox the marketing director for all of Greg Roy's
programs and CEO of wealthinsideralliance LLC

I'd like make a formal response to the complaints up above.

#1. www.stocksonalert.com was a site owned by another company,
www.TheInsiderCode.com and never had anything other than a 30-day
money back guarantee. The site had around a 50% refund rate because
Greg Roy "the rain man of calling stock crashes" - the trade made famous
from his 2800%+ returns in 2008 was WRONG in 2009.

His picks in 2009 were all put options because he believe the stock market
was on the verge of another stock crash and anyone who bought his information
product, weekly webinars, ect - were able to get a refund for the first 30 days.

The sales were processed however by a company www.theInsiderCode.com and
not by my new company - after greg/I had issue's with the owner of
www.stocksonalert.com we decided to re-launch the service at

www.wealthinsideralliance.com as a "Stock crash Protection" product that teaches
you how to hedge against stock crashes by using put options - there has not been a
stock crash yet and this product has had a loss for most members - but they know
precisely what they were buying and that options are very risky and can expire
worthless.

In december Greg Roy launched a 2nd product called the "Speed Retirement System"
which has been generating profitable trades this year and only on March 25th did the
program switch from offering a 30-day money back guarantee to this current guarantee.

http://www.wealthinsideralliance.com/images/guarantee_xlarge_90b.gif

It gives you 90-days to test the program with the CONDITION that you must paper
trade or really do the program for 30-day using a free account or real account.

We've given over $1, 000, 000 in refunds to customers who were under the 30-day
policy as long as they did it within 30 days of ordering through all sales up to March
24th.

On March 25th we switched to the 90-day policy which is clearly labeled on the
order form just above ordering and on the guarantee on the sales page!

We promptly respond to all emails at support@wealthinsideralliance.com with
2 full time support representatives and have a 24/7 phone service that takes messages
and emails them to our support team at this [protected] phone number.

Customers who ordered in FEB were in bullish spreads when we experienced a quick
drop in the market and experienced a loss on one trade that represented a smaller %
of the recommended portfolio. Those customers were offered a 60-day extension to say
and we've happily given anyone who was during this period a refund without any reason
whatsover.

Again, only customers who bought with the knowedge before hand of the 90 day CONDITIONAL guarantee that was on the order page and on the sales page in clear
LARGE FONT are being held to the condition that they must paper trade for 30 days,
and frankly... still have plenty of time to do so if they really don't want to accept the
product.

The reason we've implemented this condition is because many people like to buy
programs, download them, than refund - for little to no reason - and this forces them
to actually use the program, see the returns and take value in the course.

Again here's the guarantee as of march 25th
http://www.wealthinsideralliance.com/images/guarantee_xlarge_90b.gif

There have been ZERO refunds witheld and while our company does considerable
sales we have refunded over $800, 000 in sales to anyone who was within the guarantee
period and have answered every email possible that we can legally respond too.

Specific questions about "what price to do an option at" is against the law for us to
respond to one by one so for those questions we've asked customers to get on our weekly
webinars with greg as it is legal to answer these type of questions in general to a group
of people.

We've also began having as off March 15th Greg answer all questions that are
trade specific, post them to the group FAQ and let members get answers in this
manner which is completely compliant with regulations.

If they won't communicate with you, I'd recommend contacting the FTC. There are new regulations out that prohibit making wild claims, unless everyone could truely expect to get those same wild results.

If you have brokerage statements to send them as proof, it would be worth it to send them in (and the sooner the better) - just obscure sensitive info like your SSN.

Good luck on your refund.

No emails, no phone calls, missing trade alerts, comments and question about them possible being a scam removed from the website.

Update: They are still refusing to issue a refund unless I prove that I made all the trades and lost money. They still don't provide any proof of this new rule regarding refunds. The last email was in all caps, "yelling" at me to provide proof of my losses. So childish. I will just turn them over to my credit card company and see what they can do.

I, too, have been taken in by the Wealth Insider Alliance and their guarantee b-s. It means nothing. I wanted my refund, and they are now coming up with new guarantee specifics that they will not provide proof of in writing. They were never in any published material I have. John D, I think you were lucky in getting your money back from the other hustle.

Greg Roy's recent guarantee extension said, “In fact, I’m going to EXTEND everyone’s 100% Money-Back Guarantee period an EXTRA 60-DAYS because I only want folks to stay with us if they really want to be here. But if you’re not happy with the system because some trades are not profitable, or heck I don’t know, maybe my voice annoys you on the webinars, no problem. ***Whatever the reason*** (my emphasis), if you’re not happy that’s easily solved – get a refund, like I said I’m adding 60-days to your refund period so we’ll be well into May’s trades by then.”

Now they are demanding proof showing I entered every trade. They want copies of my brokerage account. Yet they will not provide proof that there is such a stipulation in their guarantee. No thanks.

I don't imagine this guy will be operating for long. I've learned my lesson. And I appreciate that folks are reporting on this site. Hopefully we can provide warnings to others.

Stocks on alert had us buying puts on SPX, puts on QQQQ and calls on the VIX. These recommendations have been a recipe for disaster for the past year.

Covered calls is a new thing and entirely different.

I've done pretty good doing covered calls. I'd guess the video is just a teaser. Why is it a scam if it's a covered call strategy ? Maybe 303tradeTed can shed a little insight. Could you PM me 303tradeTed about your insight ?

I just watched the video for the "wealth insider alliance", and it's definitely a scam. The method described in the video is called "selling covered calls", it's a way to generate income from stocks you currently own. The video leaves out a *lot* of important information, but the bottom line is, if it was this easy to turn 50k into over a million dollars in five years, everyone on Wall Street would already be doing it.

So many of these are scams. I've looked at this one, can't tell if it's for real or not. Anybody else out there have any experience with this one ?

Weird, Greg has got me a 10% net profit in less than 3 months with his new system. I never used the old one but i really like the new one:) I am up 10k with the new system for speed retirement.

About 9 months into my subscription after loosing thousands on all loosing trade recommendations I e-mailed support@stocks on alert.com mentioning Greg's original promise of a one year guarantee and I did get a refund check last week.

I really wish I'd never come across this guy =/

I've been getting emails from this guy too, for the "wealth insider alliance" program. He claims that one can turn $50, 000 into one million in 5 years, by placing one trade per month. From what I've seen, his "strategy" is to sell options against stock you already own. The thing is, even if it's legit, he'll want a few thousand per year for his monthly recommendations.

Sounds way too good to be true. He won't be getting my money.

BTW, one of his affiliates is a guy named Preston James, AKA "The Profit Pirate". He sends out the exact same emails that Greg Roy sends.

My question is, if this guy is such a great trader that makes millions, shouldn't he be retired by now?

Greg Roy has also went by Greg Penn. He does not mention that his recomendations for 2009 have been a 100% loss. He was totally wrong in 2009 and now his trades for 2010 are almost at zero also with 2 weeks to go. He also mentioned in one of his webinars early on that he would give a one year money back guarantee. I tried to exercise that and it was denied. Whatch out for this guy. A definate scam.