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January 30, 2008

Black box full of snake oil

Recently on Aussie Stock Forums something magnificent has taken place. Its nice to be part of an online community thats does some good in a field full of dreamers and people who prey on them. A thread was started by a new poster inquiring about Aussie Rob's Lifestyle Trader software. It got the normal replies by people who have been in the game long enough to have seen these get rich out of the box things. The standard replies about the money and time would be way better off spent on reading some reputable books and educating yourself. And some claims that it didn't work by people who have purchased it. Then the thread died a natural death. But then comes along someone calling himself a very happy purchaser and even gave an example of a great trade he just did from the system. These idiots always stand out like dogs balls. They are usually just newbies excited about the market and the potential they can see and the moderators and more experienced posters gently push them into line but this poster was doing something so transparent and wrong that he got jumped on big time from all directions. Stupidly he didn't stop until so many people had called him out that the thread now looks like the worst possible publicity he could get. Including someone willing to show the Consumer Trader, Tenancy Tribunal decision case against Aussie Rob's representatives.

Have a look at the thread and even post it on a blog if you can its now at number three when you google Lifestyle Trader.

http://www.aussiestockforums.com/forums/showthread.php?t=7517

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Australian Financial Services Licenses for RENT

Aussie Rob is the Director of Aussie Rob Financial Services Pty Limited. ABN 36 116 471 820. Aussie Rob Financial Services amongst other things provides information services. Aussie Rob Financial Services does not offer financial product advice. All financial product advice is made by representation of The International by representation of The International Securities & Derivatives Group. ABN 22 103 552 683. Australian Financial Services Licence 227544. Authorized Representative 294829.

Note
International Securities is registered and located in Drysdale VIC 3222
Aussie Rob Financial Services is registered and located in Adelaide

Go to ASIC.gov.au and look up the AFS licence number for International Securities & Derivatives Group you find a list of authorised representatives which includes two other trading outfits located in Queensland under Jody Ellis and his wife who run InvestorCentre. The Aussie Rob software and InvestorCentre software look alike. Which takes you to another wareshouse stable of seminar presenters called UniversalTradingSolutions.com.au run by a Warren Stokes. In his stable of presenters are the very same names.

Have a good day.

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    I make mistakes. Do your own independent "due diligence" on any idea that I write about, because I could be wrong. Nothing written here, is an invitation to buy or sell any particular security all I am doing is handing out educated (PhD. school of hard knocks) guesses as to what I think the markets may do and my time frame is minutes to a couple of hours.
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