Red Hot Penny Shares

Lost loads following a basket of tips from RHPS. Watch Wolf of Wall Street!!!

Absolute waste of money. I could have done better with a pin and a list of AIM stocks. Ah. Maybe that's it...

Red Hot Pump and Dump would be a better title.

Now there's an idea ...

Taking out a subscription to this magazine was not a clever move as the recommendations have kept failing a few of Toms Portfolio changes recently below, you can see even if you had some diversification on the below tips by Tom you could have lost a lot of money. I will not be renewing my subscription, what made me even more disappointed was Tom seems to be desperate to sell every other service through Money Week and the endless emails offering the veritable carrot never seem to cease.

Magnolia Petroleum – sold on January 3rd for a 96% gain

Tower Resources – sold on January 3rd for a 40% gain

Corero Network Security, Sold on January 17th for an 18% loss

Camco Clean Energy, Sold on January 31st for a 70% loss

Plethora Solutions, Sold on March 1st for a 68% loss

Kolar Gold, Sold on February 28th for an 18% loss

Copper Development Corporation, Sold on February 28th for an 84% loss

Anturion, Sold on April 18th for a 65% loss

New World Oil & Gas, Sold on May 2nd for a 92% loss

Oxford Advanced Surfaces, Sold on May 2nd for a 58% loss

Chaarat Gold, Sold on May 16th for a 69% loss

Servision, Sold on May 30th for a 25% loss

It's a great read and almost worth the money alone for that but in my experience some of the tips are real wealth destroyers.

I've been subscribed for three years but after recieving the latest round of bad news, this time from Falkland Oil and Gas I will not be renewing again. I've invested in a dozen or so companies tipped by Tom Bulford in the last three years and have turned £13000 into just under £4000, something I think you'd struggle to do if you tried! Infact only one of Tom's tips have been a sucess for me.

I don't invest in all his tips and in fairness some of his tips have been great successes including a couple of ten baggers but the ones I've fallen for have in general all been massive fails. I have contacted Tom directly twice and he has always replied so that is a good thing.

I was and really still am an inexperienced investor and I fell for the great writing and logical easy to follow reasons why you are investing in these companies and this has cost me greatly.

My advice - be honest with yourself, if you don't know what your doing stay away from penny shares, even with the so called experts advice, it will cost you. The quick buck solutions do not work.

Penny stocks are most closely associated with pump and dump schemes, where stocks are brought in bulk by stock speculators and a massive campaign to promote the stock starts, jacking up the price of the stock.

I've been using the Red Hot Penny Shares service for 5 years now and can thoroughly recommend it to others. I don't invest in everything which is tipped as I like to pick and choose, and the good part about this is that they are always on the end of the phone to help if you have any questions.