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This is a discussion on profitsprophets.com within the Trading Systems forums, part of the Methods category; Has anyone come across this site, and is anyone using it? ta hogs...

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Old Sep 16, 2002, 9:19pm   #1
Joined Aug 2002
www.profitsprophets.com

Has anyone come across this site, and is anyone using it?
ta
hogs
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Old Sep 17, 2002, 10:55pm   #2
BF1
Joined Aug 2002
Yes, I read the brochure and looked at the web site. My concern was the lack of an address and tel number, no such mention in either the brochure or on the web site. I emailed them and received the reply below.

Im still unsure as A) Ive never previously heard of them and B) They only offer the alert by email or text - why not both? What happens if your mobile is in a non signal area when the alert is sent? You may not get the alert until hours later, similarly, if you can`t access email you end up with the same result. If they sent the alert by both methods at least you would have a better chance of getting the alert.

Here`s the reply I got from them:

Dear Sir

Thank you for your e-mail. We are pleased to provide you with the further information you request.

Our address is 11 - 12 Hope Street, Douglas, Isle of Man IM1 1AQ British Isles. However we recommend that correspondence be by e-mail.

We are a small highly focused team. In addition to the directors, we have a specialist Index analyst, a specialist Currency analyst, and back-up staff, plus external sources.

As you will understand, the nature of our business requires dedication, long hours of focused concentration, and immediate notification to our clients upon recommendation decisions being made, to be successful. Many others would like to understand our research and to know the analysis tools we use. Furthermore, we contact our clients immediately with our recommendations, so any interruption or delay costs our clients money.

The nature of our business, and its record of success, invites enquiries from numerous sources, for example potential clients, time-wasting free-loaders, would-be competitors, would-be competitors pretending to be clients, journalists from 'tipping' publications, etc. We therefore made a conscious decision to restrict communications to e-mail, solely to prevent otherwise constant - and costly for our clients - disruptions from numerous parties contacting us frequently by telephone and / or calling at our address.

We restrict the use of our telephone lines to our sources of instant price-sensitive news and information. We are sure that you will understand this decision is in the best interests of our clients.

We will be pleased to answer any enquiries that you may have by e-mail.

All of our clients are able to cancel their monthly standing order for our service at any time by simply notifying their bank to cease payments.

The 'Latest Recommendation' page on our website: - www.profitsprophets.com - was updated on Friday 6th September. As you will see, our record of success continues with approximately one thousand points profit during the past few days.

Naturally, it is right and proper for us to advise you that past success is no guarantee of future performance. However, if we fail to make profits for our clients, we will soon lose them. We have no intention of losing our clients!

We trust that you will soon join our satisfied clients. We are confident that you will enjoy a profitable business relationship with Profits Prophets.

Yours sincerely

The Help Desk
Profits Prophets
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Old Sep 17, 2002, 11:19pm   #3
 
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Joined Nov 2001
Scam?

Interesting address. Out of reach of any investigating body?

try a companies house search?

Is the address really a simple post box?

Try the Mail on Sunday financial page editors - they love to investigate such "Too good to be true" entities.

Anyway...take care.
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....Indicators show the past. Price Action "Indicates" the future.
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Old Sep 18, 2002, 7:43am   #4
BF1
Joined Aug 2002
Scam? I don`t know. They state that the standing order mandate can be cancelled at anytime, well I know that, but lets face it, you would have parted with 400 at least, by the time you decided whether to cancel or not.

It would be nice to to get some history on the company, verified by a genuine source. Maybe I`ll drop a line to Shares magazine to see if they know of them. I did get the brochure/flyer out of the Shares mag.

I`ll post on any updates.
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Old Sep 18, 2002, 9:58am   #5
 
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Joined Nov 2000
IOM nice offshore tax haven for anyone anywhere in the world.
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The views expressed here are my personal views and for your information only. Any expression of likely movement of a share is merely guesswork and is to be treated as such.This information must NOT be used as a basis for making any investment decision.
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Old Sep 18, 2002, 4:34pm   #6
Joined Oct 2001
There's a post today over on www.fillyaboots.com's Spreadbetting BB (not a patch on T2W, but occasionally some useful stuff ) from someone who has sent their cheque off for 400 just over a week ago and is waiting for the first tip. Be worth keeping an eye out for updates on that one...

H.
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Old Jan 26, 2003, 6:08pm   #7
 
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Any other PP members out there ?

Dave
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