Doublingstocks mounting evidence …

After a few minutes searching for others who would not gain from promoting doublingstocks, I found this blog which contains an especially concise and damning piece of evidence supporting the view that the sofware is nothing short of a time-wasting piece of deception;

http://skeltoac.com/2007/11/27/marl-the-stock-robot-scam/#comment-1479

It is my belief that we should not call these people ’scammers’ – they are simply common thieves, and must be treated as such.

—Tim

Is the Doublingstocks stock robot a scam?

Yes, I think it is a scam.

I’ve started this blog because I’m ANGRY.  Let me say right here that I will not be listing any urls, (you can google the names yourselves to find the urls easily enough).  If I listed the urls you’d then be tempted to think I was part of the scam – which I am not.

Like loads of other people, I’m trying to make a living by working from home, so I’m always interested in possible deals. Michael Cohen’s deal looked like a good one too, so I bought into it. Not just the $40+ stock-pick newsletter, but also the $97 beta-trial of the software (called MARL).

For the avoidance of doubt:

1) The newsletter promises one penny stocks pick per week.  I got none, neither did the two other people I know who bought into it.

2) The software doesn’t work.  Not for me or the other person I know who bought it too.  I don’t mean to imply that the software has bugs (it may have many – but I don’t know).  I mean it simply doesn’t work.  There is no user guide of any kind supplied with the software, and no menu item that shows you how the software will deliver its ’stock picks’.  In order to make a stock pick, the robot (MARL), has to be fed with end of day market data.  This is downloaded manually from a website provided by doublingstocks.  Unfortunately, the data is mostly not there, so MARL cannot make any stock picks, even if it worked.

SO – some people, clickbank traders, will see that doublingstocks is the number 1 listed hot item for affiliate promotions right now.  As an affiliate trader myself, I ALWAYS check the product before I try and sell it to other people.  If I cannot check it, I don’t sell it.

What I must conclude from my experience over the last month is this:

Many affiliates do NOT check out what they are selling.  Some almost certainly suspect that this  product doesn’t work, but carry on taking money for it anyway.  You might want to add them to a personal rat-list…..

Moral of the story?

If you buy, make sure you do so with a credit card, so you can demand a refund when you find it doesn’t work.

What Have I Done About This?

Yes, I do have a clickbank account, and yes I’ve informed them of my experience, and NO they haven’t yet taken any action they’ve informed me of (Sunday 11 May 08).

Lots of decent people will be taken in by ads like those of doublingstocks.  Worse, the scam isn’t that complicated – and though I fell for it hook line and sinker, I will not perpetrate it by selling this bullcrap to others.  So stay safe and BE WARNED – don’t buy into the doublingstocks scam like I did.

Cheers

TT