A few months back, I profiled the Elite Stock-Market Advisory of Scott S. Fraser, and how I thought it was a remarkably bad investment. As of today, there is a single stock that has actually moved higher from that group, but I have now been chosen as the lucky recipient of another advisory, so I thought I would see if Scott is doing any better.
The first thing I noticed is there is a featured stock – but there isn’t a basket. What’s even more interesting is that with the exception of one of the stocks from the last group being pointed out as a winner, not a single one is even mentioned in this group. For less than a year later, that’s a warning sign in my book. As to the details, let’s take a deeper look and see what we can learn.
Probably the scariest thing about the original group is that the featured stock, Lusora Healthcare Systems, changed their name to Western Standard Energy, to better reflect the focus of the company. So a small upcoming company focused on healthcare suddenly shifts direction to focus on oil exploration? That’s a warning sign if I ever heard it.
This advisory also mentions Scott’s historical picks.
We get Fox Petroleum (FXPE), picked at $1.08 and rocketed up to $3.56. This one seems like it might be possible. On September 24, the price was $3.56 at close. You’d have to get awfully lucky to sell right then. And you could have bought right when Scott picked it – though if you didn’t sell at the right time, you’d now be down to $1.07, and that was left out.
Then we get True North Energy (TNEN), the lone stock from the last advisory, and it’s mentioned that it was picked at $1.85 and it shot up to $6.02. But I couldn’t find a mention of it at $6.02, and to make matters worse, it’s at $0.30 right now! Perhaps Scott is good at picking things when they go up, but he really needs to let us know when to get out before they go down again!
Next up is Eden Energy (EDNE), chosen for the list at $2.80 and then increasing to $9.96. A good pick to be sure, but it was $9.96 in mid-2005, and it is just $0.78 now, again proving that the important part isn’t picking, it’s telling people when to get out.
An interesting observation because Scott actually points out that hesitation equals lost profits, right there on the front page of his advisory. I can only assume he means to indicate that it’s for getting into a stock, but I think it’s hesitation in getting out in time from one of these clunkers!
You have to do a little more digging to get information on the other stocks in this issue, and it has Ultra Petroleum (UPL), perhaps most unique because it is a stock listed on the NYSE. Here, Scott says that he was the first to recommend it at $1 per share. A fine feat if it’s true, as this stock closed at $3.12 in January of 2001, the earliest I could find (this is a split-adjusted level). So if he recommended it at $1, it was quite a ways back, and I’d like to see evidence of it, because he says that it’s up to $120 pre-split. The odd thing is that right now it’s trading at $68.07 and the last split was in 2005!
The next stock is Pennaco Energy, and Scott says he recommended it at $2.50, which can’t be verified (of course), and he does say that it was bought by Marathon Oil for $19 per share. This last part is true, so again, I’d like to see if he did make this call. If so, it’s the first one he may have right. You can’t always bet on acquisition, but it’s a decent one if he called it as such, rather than just lucking into it.
Finally, on the “why I’m a good stock picker” list, Scott tells us that he said to buy American Oil & Gas under $1 per share, which could have been done as recently as 2004, and it moved “over $8”. This is true, as it hit $8.01 at closing on November 30, 2006. Again, you’d have to time it just right, but it is technically accurate. So know what you’re getting into.
As to Scott’s pick this time around? That would be Park Place Energy (PRPL), which is in good position for oil and gas exploration. He says that you should buy under $1.50. This shouldn’t be a problem, since it’s at 0.89, and it hasn’t done much more since it started trading in late July. If the earlier advisory is any indication, we should see prices of $0.40 before the next year passes. Don’t say that I didn’t warn you!
Comments
15 responses to “Scott S. Fraser Gives Me More Stock Picks”
too many blame on promoters without analyzing yourselves.. Do not put your light bill money on stocks let alone penny stocks in general. You get in and get out. Take some profits or at least your original money you invested and let the rest play or have a strategy rather than just
letting the stock to roll forever and then crash.
Wake up people. Diversify too.
Scot Fraser is nothing but a crook. He takes huge fees for pumping stocks. Fraser has been in trouble with the SEC at least once. This is a guy to be avoided at all costs.
Scot Fraser is nothing but a crook. He takes huge fees for pumping stocks. Fraser has been in trouble with the SEC at least once. This is a guy to be avoided at all costs.
I received Scott’s Elite Stock-Market Advisor and put it aside for a few months to see if what he was pushing did what he said it would do. Today, I looked and the Sun Cal stock that he said would go to $55 from under $3 is and 38 cents. Glad I didn’t act on his advice. Looking on the Internet, he seems to have the same kind of track record with all the stocks he pushes. I see some of the comments from people who are following his game and jumping then dumping before the house of cards falls down. It’s a lot like going to Vegas (pure gambling) and a few people make money there too. My oppinion is this guy should be avoided at all costs. The way he makes money is to hype bad stocks to make them go up, then dumps them before the poor suckers that take his advice get wise and sell out. It’s an age old game, I think the word for it is Con Artist. Anyway, don’t waste your time on this type of trash.
I work with publicly traded oil & gas companies and somehow starting receiving Scott’s emails.
Anytime someone tells you that a natural gas play is he’s next “$100 Oil-stock”, it’s time to run for the door! Or better yet “get ready to make your HUGE oil-stock fortune in 2008”.
Seriously, picking energy stocks is hard enough, but basing a recommendation on the wrong commodity is fools play.
Scott Fraser is nothing but the lowest type of scum
pumping & dumping and causing countless people
to lose small fortunes. Can’t this predator be stopped?
Gary we are all adults. Scott cant make anyone lose money. You make yourself lose money. If you play in arenas that you are not keen to then you will lose. I watch them for months till I learn the habit of the promoter. I jump in when I am confident I can win. Look at ppbv. This is a new one a few months old that fraser is doing. Dam its been another hot one with some big profits. Again chart them to make sure you are in at the beginning. If they are running stay out. Make sure you look how old the company is and by that I mean how long have they been publically traded? If they are new to the market you will almost win 100% of the time because floats are very tiny. ONce that float is big then profits will be slimmer. If you don’t know how to chart then learn fast. Its rather easy.
I have followed Fraser for many years. He has a huge following of people who do know to get in on the new deals he touts as fast as possible and as soon as there is some good profits get the hell out. No one tells you when to get out its your own greed that tells you. I watched him rock tnen and could have killed myself that I missed it. Dam it was amazing. The truth is he probably is a scum bag but people follow him because alot of the times he makes the big money. These penny stocks are violatile to say the least so you go in knowing fully they are risky. If you can’t afford to lose stay away, sit back and watch. I am on many of these lists and have watched these promoters for years. I can tell you 100% sure that some are amazing. They can call one winner after the other but you have to be smart enough to not sit to long. Make some money and get the hell out before the others do. Don’t sit till you get slaughtered. Remember pigs get slaughtered. This is not the same arena as dell and apple for goodness sakes. Use common sense and use safeguards. If the stock starts to tick down get OUT! Don’t sit like a fool. If it is rising up, stay for the ride. Some ride for weeks, some for a few days. Dont place trades in these stocks and then go to work. You have to watch them every single minute of the trading day. The fact is you can double triple and quadruple your money if you follow the right promoters.
Scott Fraser is nothing but the lowest type of scum
pumping & dumping and causing countless people
to lose small fortunes. Can’t this predator be stopped?
I keep receiving emails from Scott Frazer offering me to make a “brilliant investment” buying at discounted prices stock in an oil exploration company that discovered oil in northen Paraguay. Not only Wikipedia and other sources show conclusively that there is no oil or gas in northern Paraguay, but also if you search in Google for his name you will find his SEC lawsuits for fraudulent activities.
Better to lose him than to find him, that’s for sure.
Check Scott Frazer’s June 2007 confidential alert on Sun Cal Energy. He advertised it as an under $3 dollar stock on its way to $55 and today 1/18/08 it is all the way to 39 cents…..that is quite miss I would say. Enjoyed reading your work on the guy. He is quite a pump and dump artist the way it looks