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Comments

Tom Derhake

Wow, I'll wholeheartedly disagree. I've been a GorillaTrades follower for quite some time now and have not only made a healthy stream of supplemental income, but have also learned a ton about the market through the daily commentaries and their system tutorial.

They are proponents of a diversified portfolio that takes some time to achieve - losses will happen, but how their stop losses are structured, they'll cut losers quick, and let the stocks that prove to be strong roll... so you may have to suck up some smallish losses as your strong picks grow, but their market-proven record speaks for itself.

All I see that people sometime view as "negative" is that they generate the picks off of a technical analysis as opposed to fundamental analysis- well personally, I'm just fine with that. The technical side is exactly the side that I need someone else to cover, and they even have analysts pick through which of the technically approved stocks they submit as picks. Frankly I feel more comfortable that they are technically oriented, as opposed to relying on people and pure fundamental analysis - people have their slumps, GorillaTrades shows that over time they're system works.

Albert E.

I agree with the last post from Tom. Gorilla trades, while advertised in a fun way, is for real. I have used or reviewed over 100 trading sites and Gorilla is one of the best I have found. They have a stock trading methodology that will create some nice returns, and if the stock/market does not cooperate, they have a stated stop loss, so your portfolio is protected. Their methodology is more consistent, organized, and focused for the ordinary investor than any other service I have seen. It is fairly priced too.As far as the difference between fundamental and technical analysis, I believve both have their place. However, I will use technical analysis first if I am trading stocks, and use technical and fundamental analysis if investing for the long term.
Gorilla has provided me with some nice returns, and have helped me to deal with the market in a planful and focused manner.
This allows you to focus on what is happening with the Gorilla recommendations rather than bouncing all over the place trying to find good movers.

Tom Derhake

100+ site reviews sounds like a ton, but I don't think you're the only one that realizes an individual investor needs that extra boost from a service like Gorilla Trades to compete with the big boys. I too have spent my share of time on the quest to find what is essentially a business partner. In my quest, it seems they're all caught up in themselves, whereas GorillaTrades keeps it simple. They keep the main thing the main thing - consistently strong stock picks, simple guidelines on how to trade them, and a market commentary that keeps you grounded amidst the ever changing market.

Back to the technical vs fundamental debate, you'll be surprised at how fundamentally strong their picks will be, they consistently come up with undervalued picks in strong market sectors. I've been impressed.

To give an idea of how their picks do, they set their stops tight with the idea that they'll cut losses quickly, and ride the winners. Their target holding time is a couple weeks, though they'll ride winners as long as they want to go (they update stop losses for such stocks). This swing-trading like holding period is ideal for me too as it opens up short term gains without having to market watch - just update the trades on whatever platform you choose according to the update emails they send. Simplicity is a godsend.

Bertie

I have been using Gorilla Trades for a while, and I find it is the easiest, clearest, and one of the safest trading sites I have ever seen. I know the market has been moving nicely lately, but in reviewing the Gorilla portfolio of 58 stocks, 54 have gains and none have stopped out. That is a pretty incredible record. The way they find and trigger stocks certainly has worked since I have been involved. I was on the site as a guest, then converted to the annual at $600 per year. Their method lends itself to some nice short term (2 month) trades.

Bob R.

The Gorilla Trades commercial is funny, but I am not sure I want a Gorilla telling me how to make money in the stock market. However, whoever it is telling me what to watch, and when to act at Gorilla Trades, they are worth way more than a banana to me. Since I have subscribed to Gorilla trades about 3 months ago, I have consistently made good swing trades. I try to hold about 2 months, and GT tells you the first and second target. They advise to sell 75% when it hits the first target, but I usually sell it all, and go onto another stock that has triggered. I have been in 8 stocks in the last 3 months, and have made a profit on all of them, and made over 10% on 4, and held on to one past the first trigger and made 22%. There is no way an intermediate trader would complain about that. In the mean time, I have been able to learn more about the market rather than researching many stocks to find a few.

John Hopkins

I subscibed to GT after taking advantage of a free trial. After three months of diligently following their picks, my $19,000 account has lost 9%.

I feel so stupid, but I admit that it is my fault. I should have followed my initial hunch which told me that if this system was as good as advertised, then why would they spend so much money promoting it? Why not put that money into their own trades as get rich?

Oh well. Live and learn. I hope that others don't make my same mistake.

So long,
John

Tom Derhake

Dear Mr John Hopkins -
After a brief review of the GorillaTrades closed portfolio for the three months preceding Feb. 11th (your post) it looks like the GT portfolio closed about twice as many winners as losers, with winners % gain significantly higher than losers % loss. I'll do the tabs to make something a bit more scientific, but sorry about your luck man.

Tom Derhake

Well, I ran the numbers on the closed transactions for the 3 months prior to your post. Figures were calculated from the trigger to the closing point (either stop loss, raised stop loss, or 2nd target).

81 trades (including non confirmed stocks - you're really only supposed to buy from the confirmed picks which reduces risk and would have cut a number of the losers)

50 winners, Average winner: 16.14%
31 losers, Average loser: 7.34%

F. Carlisle

I feel badly for John Hopkins, but he sounds like a novice investor. I started with Gorilla last fall and paper traded for a couple of months. So far this year I am up about 6-7%. I have about a twenty percent cash reserve. In addition to Gorilla I also use the Worden Brothers Tele Chart, Investors Business Daily and Erlanger.
I do use Yahoo and Clear Station to check message boards. Just keep in mind that most who post messages have an ax to grind.
My biggest loss has come when I forgot to maintain a trailing stop. I use a percentage stop not an actual dollar price.
I also recommend not buying anything that has gapped up. Don't regret losses or selling too soon. Just keep track of what you do and learn from mistakes.
The only problem I see with Gorilla is that it may become self defeating if it becomes too popular. However that will probably self correct.
I don't mind fundamental analysis, but most analysts can't see the forest for the trees.I started as a stock broker in 1971 (am now retired) and obviously have seen good and bad markets. What has struck me is that too many analysts love their industry even when markets are tanking. The simple answer is don't fight the tape. (I was at a well known research house during the 70's, and boy do I remember analysts recommending stocks as the market died. Many loved to average down---a recipe for financial disaster). Tha brokerge firm still exists and is a "biggie".
I think that in general long term is dead. The industrial climate changes too fast. Interest rates(other than very short term) are controlled by the bond markets. World wide buyers are far more powerful than the Fed. And
, fundamentally, interest rates have a major effect on the equity markets.
In potentially weak markets, such as now, I would only initiate partial positions. Markets do have phases, and I think that Phil Erlanger is good at pointing these out.
By the way, in relation to "buy and hold" ala Buffett, do any of you old timers remeber the "nifty fifty". You could have bought Polaroid for $145.00 in the early 70's. You can probably buy it today for 2 cents a share on the OTC bulletin board.
Good luck to all.
p.s. There are a lot of expensive services out there. I bought a few and wasted good money. If you can get a discounted trial period or a money back guarantee, then take a shot, but paper trade the service religiously during the trial so you don't waste money. Hurlbut has noted that many news letters have high priced big brothers that don't do as well as their low priced siblings.

Pete

Gorilla Trades totallt suck. I used them for a month and every single trade lost money. The worst part was that the FR$%#king trigger price was always distant by the time it was confirmed and the darn thing was halfway to its 1st target. I would then buy like a sucker and down it went. Shame on me for beleiving in such a bogus service. I evcen sent them an email and said how bad it sucked. They offered me a deal to go month to month and just pay by the month. Dont sign up for this bogus service

cdc

Please check out www.Gorillashit.com, a blog reporting actual trade results realized from Gorillatrades.com stock picks.

Mike  Millard

While I was a Gorillatrades.com subscriber, their portfolos returned less than 1/3 of the S&P returns. Dont jump in unless you are willing to settle for sub par results.
http://www.baboontrades.com

Charlie

I’ve been using Gorilla Trades for about 18 months. My biggest issue is that the Gorilla reports a buy at the “trigger” price and a sale at either a trailing stop or the “target”. This looks good in the stats but doesn’t square with my experience. I buy at the “confirmation” price which means that I typically pay 2-3% more than “trigger”. That’s my cost for a little more security. If a sale occurs because the stock stops out my return is usually less because by the time the brokerage responds the price has dropped even further. A sale is usually triggered by a spike and by the time the system or I can respond the price has settled back. The net result is if the Gorilla reports a gain of, say 15%, on a transaction my experience is more like 5-10%. That’s not bad but I can do as well making my own picks using Ameritrade’s free tools. Given the market results of the past few days I’m taking my trading account $ out of play for awhile and when I get back in I will not be following the Gorilla. Too much work for not enough return. And yes the newsletter might as well be computer generated. I have never gotten anything out of it that I could really use.

rubbedraw

Everyone of these guys posts sound like some kind-of advertisement. This one is my favorites "However, whoever it is telling me what to watch, and when to act at Gorilla Trades, they are worth way more than a banana to me". I mean lets be realistic. b#stards. Luckily I searched for blogs on google before doing anything stupid.

David Sambora

I've been using karibbeankid.com for smallcap stocks. All 3 August picks are higher, 1 by 50%

Travis

I used gorilla trades from 2005 to the end of 2006. There were at times over 30 stocks in my portfolio. For all the hassle and tracking, the returns are not worth it. Yes there are some big winners. I made over 40% on BRCM. However the losses brought my over all percentage lower. For the 1.5 years I used the service and followed everytrade it would have been a lot easier to put my money in a mutual fund since all the expenses probably are the same from all the trades the gorilla recommends. I also had my money the same time in the ETF IWM and made over 15% with out all the work. So I quit the gorilla and just use ETF's.

James

Just a big caution for anyone signing up for the 'Trial Offer'. I have never seen a company that is so spam happy. I have been getting daily spams from them for about 3 months now. There are several days each week that I get several junk emails from them. A lot can be told about any company that disrespects it's customers (or potential customers) this much.

Seatle Jon

Just to share my two-cents...

I recently looked into Gorilla Trades but in the end I elected to go with NorthStar StockCompass:
www.northstarstrategic.com

They've done very well this year and they seem to put a lot of emphasis on risk controls.

Ed

Looks like Gorilla Trades sued somebody who set up a site critical to them.

I don't think I'll be doing business with this company - it has a bad smell to it.

http://www.wipo.int/amc/en/domains/decisions/html/2006/d2006-0530.html

Allen Reed

I used to be a gorilla member but lost interest when I found out about Angeltrades.net. It is the real deal.

Allen R.

ryan west

I think this is the best website for penny stocks on the net

Brandon Gill

Penny stocks?? I think its time to advance to the next level of the game.

George Miller

I subscirbed to gorillatrades.com and never renewed. Ok site, but pretty annoying with the trigger and confirmation. I prefer just a trigger, as do most traders. Then when they have a loss they just say that its ok because it never confirmed. I went over to www.shareplanner.com and they were much more to my liking. They provide multiple trading styles from swing trades, to ETFs, short picks, long-term, fixed income etc. Anycase, better that you decide for yourselves, than have me ramble on, but I definetly wasn't thrilled with gorillatrades.

John Simms

I think SocieteCaribe.com is one of the best places to learn to trade stocks, even if you don't trade smallcaps.

jumping stilts

There are three aspects to production processes, including the quantity of the commodity produced, the form of the good created and the temporal and spatial distribution of the commodity produced.

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  • The Stalwart is a blog written by Joseph Weisenthal, covering such topics as stocks, business, economics, politics, technology, gambling, chess, poker, economics, current events, music, math, Chinese food, science, randomness, kurtosis, sports, evolutionary fitness, and anything else of the author's choosing. The words contained herein are the author's own, not affiliated with any other firm or employer.

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