Jason Cox Market Authority; Passive Income Trader; Hidden Market Opportunities Jason Cox's subscription products are a scam. Don't get burned. Albuquerque, NM

Here's my experience as I tried out Jason's PIT and HMO subscription products.  

 

Trade #1

 

His first pick during my subscription was Pac West Securities -- ticker symbol PWEI...with his instructions to buy PWEI at $0.09 on 9/16/2013.  On 9/17/2013, PWEI was suspended from trading by the U.S. Securities & Exchange Commission.  (The SEC suspends stocks when the company's regulatory filings and financial information fail to support public statements, assertions, and claims made by the company and/or its spokespersons.)  After the 2-week suspension was lifted on 10/1/2013, the stock price dropped precipitously, to $0.001 -- making it pretty much worthless.  Jason immediately sent an email apologizing for the mistake, pointing out this hasn't ever happened...but promising another successful pick right away.  My entire principal on this investment was gone in less than 24 hours.    

 

Trade #2 

 

The next pick came 10/7/2013 -- which was Pacific Water Technologies -- PCWT, with instructions to get in at $0.239 and get out at $0.30 for a quick 25% gain.  I followed his instructions and got in at $0.25 the same day and got out at $0.3005 the following day for a 20% gain in under 24 hours.  I was very lucky to get out on this one because it, too, dropped precipitously and was suspended by the SEC on 10/12/2013.  All these trading suspensions can be seen on the SEC's website here:  http://www.sec.gov/litigation/suspensions.shtml.  (On the website, you'll also notice that out of the thousands of publicly traded stocks -- suspensions don't happen frequently at all...yet Jason Cox seems to get you into these suspended stocks pretty regularly.)    

 

Anyhow, I nonetheless took some comfort and success after the second pick (not realizing at the time the stock later got suspended as well) and I concluded after reading his PWEI apology email that maybe PWEI was just a one-time screw up that rarely happens.  It was still going to take 4 more winning trades like this one just to get me back to break even from his crummy PWEI trade.    

 

Trade #3

 

After the second trade, I received a phone call from Alex Wiseman explaining that if I upgraded my subscription from PIT to HMO -- I should be able to get out of the trades much sooner (even before the PIT subscribers) and minimize the chances of lost trades.  In fact, I would be exiting the trade just as PIT subscribers were getting in.  (Yes, that means he has one set of subscribers who are instructed to come in and buy as his other set of subscribers are taking their profits.)    I decided to try it out just in time for his next pick -- Crown Alliance Capital...ticker symbol CACL.  This trade was a bit different in that they disclosed they were being paid $250,000 to promote this stock, which means they wouldn't be telling subscribers when to sell.  They instructed subscribers to use their training to know when to get out of the trade. 

 

Eager to continue recouping my losses from Jason's PWEI trade, I got into this CACL trade immediately upon receiving the notification on 10/21/2013 that the next alert was for CACL.  CACL had already moved from $0.35 to $0.41 at the time, so I got in immediately at $0.41.  This was about an hour before the market close on 10/21/2013.  His strong buy alert to the rest of the subscribers followed later that evening after market close.  However, to my dismay -- CACL was suspended by the SEC before the market open on 10/22/2013.  At this point, my blood was boiling.  Jason sent out an email to all subscribers the morning of the suspension cancelling the CACL alert (which was too late for me since I bought on 10/21 right when I received my alert.)    

CACL resumed trading after its 2-week suspension on 11/5/2013.  Upon resuing trading, CACL lost about 88% of its value.  I tried to sell, but the stock no longer seems to have liquidity -- si my orders wouldn't fill.  Its daily volume after the suspension was less than the total shares I was trying to sell -- which makes it worthless to me.  (Afterall -- if you can't sell it, does it really have any value?)  After executing three of Jason's trades, I lost my entire principal on two of those trades and made a 20% return on the other.  My 20% gains from the successful trade still only recouped about 10% of the principal I lost on the other two trades.    

 

You couldn't possibly get results worse than these.  

 

If those results aren't convincing enough to stay away from Jason Cox's subscription products -- read this next part because I will explain how the deck is even further stacked against you:    

 

The HMO subscription is so outrageously priced -- nearly $10,000 per year.  This means you have to trade a fairly large position to justify the cost.  (Jason's promotional video for the lesser PIT subscription, which costs about $1000/year, suggests trading a position of $10,000-$20,000 in order to reach profits of $2,000-$5000 per month, or 20%-25% per month.)  Had I been using Jason's recommended trade size, my two losing trades would have cost me between $20,000 and $40,000 while my winning trade would have made between $2,000 and $4,000.  This means a net loss of $18,000-$36,000 in under 60 days.  Luckly, I traded smaller positions than what Jason recommended...but Jason's trades still cost me a lot of money.    

 

My request for a refund

 

Jason's big perk to induce you to subscribe is his risk free 60-day trial period.  You have nothing to lose and everything to gain by simply trying out his product - right?  Wrong.  When I requested a refund for my PIT and HMO subscriptions, I was told it could take 60 days or more.  (I sped it up by disputing the charge through my credit care company.)     

 

I caution everyone to stay as far away from these subscriptions as possible. Again, the company is "Market Authority" and the subscriptions are called "Hidden Market Opportunities" and "Passive Income Trader" although it appears these subscription names change periodically (probably because of a horrible reputation.)  The people involved are Jason Cox and Sam Johnson...although it sounds like they may operate under several other aliases as well.