Well here are some more bad points about Perfect Stock Alert.com and these you will not believe.
First off let start at the beginning, First there was Power Stock Trades a small cap alert service that had a 110.00 a month membership price. For what I have heard none of his picks made any money.
Then came Perfect Stock Alerts so he then shut the first site down and all those members lost their money unless they sign up for the new site then he would give them extra time at Perfect Stock Alerts. That started out at 110.00 a month next the super sale so that the entire present members would join at 250.00 per year.
That sounded real sweet to these members. So they signed up but now the fun beginnings at first they were really making money until he said go long WFC and that mean 5,000.00 cash plus full margin. They sat on this all summer so by the time he said sell they didn't really make to much money because of all the margins call. And it has been going down hill since.
He can't stand for some to disagree with him so the way he handles that is tell them he is going to ban them from the chat room and they lose their money too. He thinks he always right and not a very Christian person as he claims to be. And to top it off he is very rude to his members.
They are losing a lot of money and want some answers from him. He doesn't use stop losses and the member had taken a 40% loss on one of his recommendation alone.
About 2 or 3 weeks ago he opened the day trader site which he charges 1000.00 a year to join.
He states:
He will allow only 100 subscriptions to be purchased at $1,000 per year. Those who register in the first 100 have a locked in rate of $1,000 per year.
We are also allowing our day trade members to purchase more than one membership, as we have many members who feel it better to have less than 100 members in our day trade room, so the 100 available slots are going fast.
Once the 100 slots are filled we will raise the cost for new members to $5,000 per year, and only allow new members to join after an old member has left and with our track record those who leave will be few and far between.
But the kicker is he claims to have over 1700 member but there are only maybe 100 in both chat rooms daily. I did see that some of the member he claim are register came from the now closed Power Stock Trades site and never paid for the Perfect Stock Alert site.
Okay in the day trading site they are averaging about $. 70 per share a day with an average of 5 to 8 trades. And he only trades the same stock that swing traders are in at the time. He is just not a good swing or day trader period. Now I know that good day trader make more than that with fewer trades.
When he comes to swing trading chat room, it is only to brag and try and get more members to give him 1000.00. Some have and I am sure they will be sorry soon enough. But the down side is he did leave his sister in charge of the chat room and of course she doesn't have a clue and she thinks her brother can walk on water. Members are leaving and going to a different site that is more profitable. Now maybe they can make back all the money they have lost at PerfectStockAlerts.com.
I did get a refund but most of the others that are asking for refunds he refuses and or states he doesn't know who they are and that they are not members. Now he is running another scam and I am afraid people will lose again.
He just starts new web site when the old one is not generating enough cash and they one that already paid will need to pay again for the newer website. This seems to be a habit with Mr. Williams.
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