They have their role to play and they disclose. Pull up a comparison of the stocks they alert and you'll see a very similar and distinct pattern: the spike on high volume followed by the rug being pulled out from under the newbie bag holders.
Check out PARD, NWCI, PDMI, MCLN to name but a few.
BioMed Reports is a business that, like all other businesses, needs to make money. They wouldn't make money without issuing "alerts" on a regular basis. Does that mean that these "alerts" are valid and offer material insight into the companies they follow? I guess tha's what each investor needs to decide.
It's ironic that they mention Vermillion every time they cover a diagnostic stock considering that, like most of the world, BioMed completely missed the Vermillion ride.
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