As stated in other reports, Jason Kelly lies and distorts the data to make his recommendations look legitimate. As stated in the fine print AFTER his latest recommendation on UOMO, his company, Day Trading Robot, owned a significate number of UOMO shares. He and his partners created a feeding frenzy on UOMO stock to artificially, dramatically, and temporarily drive up the price of the stock, so they could dump their shares at a profit on the backs of everyone who believed their hype.
(To repeat key data here: After weeks of hype, Jason released his recommendation to buy UOMO on 5/19/09 stating it would easily triple in price. The opening price that day was $. 81. I believe most bought in at $. 85 - $. 95 per share. The intraday high was $1.06, but most did not sell because they were expecting the stock to triple off their buy price. Since the stock had been artificially bid up, it dropped like a rock (it is now $. 16), especially since Jason and his buddies dumped their shares knowing what their manipulation had done.)
This is unethical, and should be illegal. I will be pursuing this aspect.
Also, as I learned painfully, the OTC/Penny stock market is not efficient. Buy orders are not executed in a timely manner and the price can change dramatically causing costs to go up. Buy limits and Stop limits are not honored.
Finally, Jason Kelly is at it again. He is sending notifications that he is on the verge of sending his next recommendation. Do not fall prey to his lack of ethics. It is too late for me, but if I can keep one fellow investor from being victimized then I will have succeeded.
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