Ever hear of The Oxford Club? They've been around for some time providing stock tips. Their latest hot stock is a huge Taiwanese electronic manufacturer called Foxconn or Hon Hai Precision Industries which does manufacturing work for Apple.
I did a double take recently when I saw on IHUB that The Oxford Club was recommending Hon Hai (HNHPD) as a "One Stock Retirement Solution." Pretty bold for a foreign stock most American brokerages won't accept orders for. Nobody should ever own just one stock, especially for retirement funding.
Hon Hai has a history of making big promises and not delivering.
How's the one stock retirement investment doing since it was first pumped by Oxford a few months ago? Rather poorly, as this chart shows. You might think the most recent period looks great but that chart "uptick" is the result of a 4 for 5 reverse split... An illusion for the suckers, I suppose. Details are hard to come by.
Notice the dramatic uptick in trading recently.
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