Friday, January 30, 2009

Scam product of the week! Day Trading Robot Review

Our review of Day Trading Robot. This product from daytradingrobot.com is my pick for the online scam of the week. Day trading Robot tells everyone that you will get a new hot pick penny stock every Sunday for you to purchase on Monday morning. The only reason why this stock is hot is because everyone is told what to buy. When everyone buys the stock the stocks value is then inflated artificially. Then you must sell that stock fast before the value drops back down and you lose everything.

The stock picks to not come by any type of data or news or anything like that. It is set to send out a new pennystock pick each Sunday automatically. These penny stocks are no good and you should not wast your time with them. The author set up a nice sales page with a video that looks convencing but it is all a scam.

He goes as far as saying that he has a brink and mortal building in Miami Florida but that is a scam as well. The company Day Trading Robot Inc does not exist. They use a virtual address from usabox.com to pretend that the have a company in the U.S. Just check their address at 8345 NW 66 ST, Miami FL 33166. It is an exact match for the usabox.com address that they use. After checking them out I saw that all you have to do is ad your company name and a box number and they will forward any mail or package to any where in the world they cater to. People use this company to pretend that they have a business in the states when they really live either outside the U.S. or in a different state.

I thought that it was strange as well when I saw the phone number the Day Trading Robot offered. It had a 641 area code. That area code is based in central Iowa. Now why would a person who claims to have a company in Florida give you an area code phone number from Iowa. Because he is scamming you.

There is no robot that can tell you when a stock is going to perform well. A real stock goes up when the company does better. If the robot really worked then we would have a stock market that would be producting in the 20,000 range. Nobody would need a stock broker or anything like that. Don't let this system con you. Penny stocks are bad and you need to not use them. The only thing that Day Trading Robot is trading is your money from your hands to their hands.

To anybody out there who was thinking about using Day Trading Robot or any pennystock trading robot then I would suggest not. There are better ways of making money and this is not it.

If you would like to see other products you need to avoid like the plague the please visit: Scams

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