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Message subject : Re: What do we all think of Rene Rivkin?

This message was posted by Ray Flett on May 04, 2002 :

In Reply to: Re: What do we all think of Rene Rivkin? posted by andyl on March 27, 2002 :

I made the mistake of buying his report for a year and at the end of that period had lost $24,000 on his suggested buy Pasminco, I had lost $4,000 on his suggested excellent buy of iocom, I am still down $1,000 on his recommendation of pacific dunlop, I am still down $500 on his recomendation of J fairfax. And what about Orica, He first suggested it was a good buy at around $6 and I watched it fall all the way to $4.50 then after It bounced and I was no longer receiving his report he sent me a recommendation to sell at $6.00 It is now around $8. If this man knows so much about the stock market as he suggests then why did he not know that pasminco was going to collapse. In my first year of trading I made $ 10,000 on my own decisions and lost $35,00 trading rene rivkins tips. This turned my $83,000 into $59,000. I have since gone back to $87,000 this financial year following my own research. As far as I am concerned he simply keeps recommending a stock as long as it is falling and eventually if it recovers he claims it was a good tip.

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