My Conclusion on Doublingstocks

Do Not Purchase Newsletter or Software!

I have now determined that Doublingstocks is a scam. Can you make money off of their stock picks? Yes...maybe...if you are early enough and fast enough. Doublingstocks' strategy is to purchase many shares of a stock before they release the name or ticker symbol of the stock.

Then they tell you/us that this is THE stock to own today, which results in about 20 million in volume for the day, driving the stock price significantly higher. Then, after the stock price has doubled, or even tripled, Doublingstocks begins to sell off their shares. This will eventually (or rather quickly depending on how fast they sell off) drive the shares back down.

If you are playing this game with Doublingstocks, good luck. There are much better ways to invest and make good returns. Remember, nothing is free.For today's stock pick, there was definately money to be made and I was one of them. However, all day long I did not feel good about the trade and I should have, right? My instincts were correct though. If you don't believe my gut feeling, read this exerpt from the last Doublingstocks email I recieved (kind of a disclaimer at the bottom of the email):

Doublingstocks.com has been contracted to receive $50,000.00 by a third party (Accelerated Capital Limited) for coverage of UOMO. Accelerated Capital Limited is acompany incorporated in the British Virgin Islands. To my knowledge Accelerated Capital Limited owns shares of UOMO.

Doublingstocks.com and its affiliates or officers have purchased and sold and will purchase and sell shares ofcommon stock of UOMO, in the open market at any timewithout notice. Doublingstocks.com sold approximately 150,000 shares today at a profit.

Doublingstocks.com has approximately 180,000 shares remaining and will continue to sell UOMO shares tomorrow. These sales may lower the value of YOUR purchase of UOMO shares and could result insignificant loss.

Doublingstocks.com will not update its purchases and sales of UOMO in any future postings on Doublingstocks.com. Doublingstocks.com is selling and will sell any UOMO shares that I or my affilates may acquire.

Well? Now how do you feel?

I do not recommend this newsletter (or the software) to anyone. I had an affiliate link on my blog for the newsletter for a time and have removed it. Nobody ever signed up to purchase Doublingstocks under my affiliate, and I am glad for that.

Take the time to learn to invest for yourself. Stay away from these scams. Money (as well as everything else in life) reciprocates the work and integrity you put into it.Unless there is additional information to provide, I believe this will be the last post for this lens. I have moved several of these posts to my, Identity Theft, Rip-Offs and Other Scams lens on Squidoo.