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************JASON BOND IS A SCAM*********** BEWARE******
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April 16th, 2013 | Posted by vizion in Blog
Last week Jason Bond published a post on his blog about his life and how it led him to become a full-time trader. It was a good post about his background. I’m sure many readers could relate to it. Unfortunately, some of the comments were incredulous. That’s to be expected but one comment in particular caught my attention. From “Larry”, about halfway down the comments section:

But folks, before investing you should keep in mind that the profits Jason and Luke make are not typical. They have a built-in mechanism for knowing when others will enter the trade, and when they will likely exit the trade. They know that by simply announcing the trade to their followers, many will likely buy in (after all, that’s what the followers are paying for). That creates buyers. What moves share price upward… buyers. So, they have a known market in order to forecast increases in the share price. They know that when they announce, there is a good chance (greater chance than without followers) that others will follow their lead and also buy shares, taking the price along with it. – See more at: http://www.jasonbondpicks.com/blog-posts/i-lied-to-you-and-im-sorry/

There are plenty of sites out there that claim Jason Bond Picks is a scam. The above comment pretty much sums up the most prevalent criticism and “proof” of how Jason Bond is scamming his customers. But this comment couldn’t be further from the truth. It’s true that Jason has enough clients to influence the price of a stock…briefly. His service does not have nearly enough buying power to change the overall trend of a stock in the long run. And by “long run” I mean longer than about 10 minutes!

I mentioned in my original review that it’s usually tough to get the price Jason does when he sends out an alert. In that sense, Larry is right and his explanation is correct. However, what he’s missing is that the price often corrects back down to the level where Jason bought it.

Jason Bond Alert: MM 4/15/13

Price rise after alert on MM.

Yesterday, Jason alerted that he bought shares of Millennial Media(MM) at 2:36pm Eastern. His entry point was $6.23. The stock had been pretty weak all day and was hanging around $6.21 for about 30 minutes. It started to curl up around 2:30pm and Jason took that opportunity to buy. He then sent out his alert. You can see very easily the effect that his alert had on the price and volume of the stock. Over the next 30 minutes the price increased to $6.39 and about 170,000 shares were traded. These are mostly Jason’s clients jumping in after the alert. However, after only 10 minutes the price starts to correct back down to its original level of $6.21 before the alert. At this point it would be have been easy to get the price Jason got or better.

Although this is just one example, it’s actually very typical of most of Jason’s alerts. I suppose Jason could secretly be day trading his alerts behind the scenes to catch the temporary price increase initiated by the alert. I don’t believe he is, but I admit it’s not out of the realm of possibility. But then, you could do the same if you wanted. Just doing that would easily pay for your membership!

Bottom Line: There usually a little bump in a stock’s price after a Jason Bond Picks Alert. However, the price usually corrects back to its original level within a few minutes after the alert.

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jason bond, jason bond picks, jason bond scam, millennial media, mm, swing trading
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One Response
Tony says:
Monday, 8th July 2013 at 10:30 am
Also Jason does not give you a refund if you do not like the service. Not even prorated for unused time. Be careful.