ED Magedson – Founder
stocktips.com they sell a service suggesting stocks to invest in Seattle Washington
I subscribed to this service in February. They claim to alert you to penny stocks that are getting ready to take off. They certainly tell you when to get into the market but they dont tell you when to get out although they say they do upfront. They offer a support email & if you contact that address they will open a ticket but thats the end of it.
You never hear from them. They only offer email, no phone #s. They also offer a coaching program that is non-existant. There's no way for you to contact anyone. A guy named Mike Statler fronts for this group, probably a phony name. I purchased a recommendation on February 12 & right up until the day it tanked (March 24) they were still promoting it. I have the emails to prove it.
Never once did they say get out! I'm still waiting for it to recover but that is probably not going to happen. They brag online about all the money they've made for their "loyal subscribers". They dont make their money buying penny stocks, they make their money promoting them...Run dont walk if you see an offer from them.
This report was posted on Ripoff Report on 04/15/2014 04:57 AM and is a permanent record located here: http://www.ripoffreport.com/r/stocktipscom/internet/stocktipscom-they-sell-a-service-suggesting-stocks-to-invest-in-Seattle-Washington-1138918. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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