Please note: GorillaTrades is a registered trademark of GorillaTrades, Inc. Neither WealthJunkie.com, its publisher, nor the authors of these articles have any affiliation with the GorillaTrades service.
The daily e-mail I received from GorillaTrades was broken down in the following sections:
- Gorillapicks Triggered Today
- Gorillapicks Triggered From Previous Five Sessions (Past Picks)
- Gorillapicks Confirmed Today
- Pullback Buys (light volume pullbacks, basically an opportunity to buy more shares)
- Gorillapicks Sold Today
- Gorillapicks Stopped Today
- Gorillashorts Triggered Today
- Gorillashorts Triggered From Previous Five Sessions (Past Picks)
- Gorillashorts Confirmed Today
- Gorillashort Positions Closed Today
- Special Situation Picks
- New Potential Buys
- New Potential Shorts
- Portfolio Update
- Weekly Trader’s Notes
- Gorilla Commentary
- Question Of The Day (Reader Q&A)
- Key Long Term Technical Levels (Support and Resistance of Market Indicators)
Gorilla Commentary is just a few paragraphs about market discussions. Seven in total. Of those, two were about the Berkshire Hathaway meeting, so only five paragraphs about the actual market. I would recommend reading the hourly wrapup for free from Yahoo Finance.
Although the initial e-mails said that they would explain their stock-picking logic, they never really justify them. The most recent pick did not explain why it was a good choice.
The e-mails read like an alphabet soup of stock tickers. I cannot find any logical basis for their picks. They don’t tell you how to think - they just tell you what to do, and seem to be based on technical analysis only. For example: “Stock XYZ is at Price A, First Target B, Second Target C, Stop Loss D. Confirmation Volume E, Risk Rating F.” (They never say things like, “this is an excellent company, selling just above its 52-week low, that has great long-term growth potential and a P/E of 10 despite its estimated annual growth rate of 40%.”)
I compared their most recent pick with AmericanBulls.com. GorillaTrades said to buy, but AmericanBulls (which is based on candlestick charting) says to wait.
There is more to come.
May 8th, 2005 at 12:51 am
Hey Alex,
I’m in Gorilla Trades 30-day free trial right now too. I have been pretty pleased with their recommendations and strategy to build a diversified portfolio. I even made some OpenOffice Calc spreadsheets specifically for keeping track of the Gorilla Trading picks. Let me know if you want to take a look at it.
Scott
May 1st, 2006 at 11:29 am
Gorilla trades returns are typically less than the market averages. Plus it require managing a lrge number of stocks and a lot of commissonable trades. If you just choose one mutual fund that has a track record of beating the S&P you will have much better retruns and save a lot of money in commissions and fees to the gorilla. You will also save a lot of time. Check out http://www.baboontrades.com for more information.
April 23rd, 2007 at 4:43 pm
Never confuse genius with a bull market