Please note: GorillaTrades is a registered trademark of GorillaTrades, Inc. Neither WealthJunkie.com, its publisher, nor the authors of these articles have any affiliation with the GorillaTrades service.

Yesterday, in what has been referred to as a “manifesto”, one upset reader brought up a few things that I would like to address. I will be quoting them and responding to some of the points in context. (You can read their full opinion here, in all of its glory.)

..places you in the category of emotionally damaged due to logical structures that you have endeared upon yourself as a person for you entire life sprinkled with negativity and biased decision making practices.

I acknowledge that I am emotionally damaged and sprinkled with negativity. You try living with my wife! (Note: That was a joke. I love my wife.)

If you dont agree with the investing solutions websites then why would you compare two different investment solutions to each other, asserting that “american bull says wait but gorilla trades says buy�..

To clarify, my point here was to show that two web sites that each perform technical analysis advised me to do different things. AmericanBulls.com uses candlestick charting, and their web site said to wait. I do not know what sort of analysis GorillaTrades performs to arrive at their conclusions.

You assert that you know “A�, “A� being the truth to stock investing solutions..

I am an amateur investor, and I sincerely apologize if I gave any other impression. I do not know “the truth to stock investing solutions”.

With regards to GorillaTrades, I do not know or understand how they pick their stocks. That is why I do not feel comfortable following them. As I explained earlier, if they said, “Buy stock XYZ because its P/E ratio is at a 5-year low of 8, earnings are growing at a steady 19%, free cash flow is the highest it has been in 5 years, and they will be raising the dividend next quarter“, I would be much more apt to follow their guidance or at least consider it. Instead, they say “do this” with no further detail. I can get much more out of SmartMoney magazine or Morningstar.com than out of this $600 service.

With that in mind, I will say that I am looking forward to trying another service called ShortPicks.com – which I hope to join in the next few weeks, once I have finished combing through all of the GorillaTrades data. ShortPicks.com is run by a doctor, and he focuses on biotechnology companies. From what I have heard, Dr. Zapata explains the details of why the company is sure to tank, both from a medical and from a financial point of view. (For example, he might say “Short shares of company XYZ because their stock shot up on news that they were in phase one trials of a cancer drug. But phase one trials are just the first of several stages, and they are at least five years away from a final product. They have no source of cash flow and are burning through their reserves, and the stock surged because the public heard the words ‘cure for cancer’ but does not understand the big picture.“)

I hope this clears up any confusion.

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