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Just received an advertisement for Picton Davies' Polymetric Report. Has
another heard of this fella or tried his newsletter? The advertisement
claims 'His Model Account Has Grown 22.7% annually for 29 Years With LOW
RISK (emphasis mine)... That's like turning $40,000 in your RRSP (our
equivalent to your 401 plan (?) for retirement) into an astonishing $14
million dollars!' The advertisement also claims to have received high
praise from Peter Brimelow, author of 'The Wall Street Gurus' and
editorial writer for the Wall Street Journal. The flyer also claims 'This
long-term published track record declares that our methods keep making a
great deal of money.' From reading the flyer piece, it sounds like this
Picton Davies guy is using a mechanical trend-following system to
recommend trades. He offers two editions of the Polymetric Report -- The
Canadian "Winners" Edition and the U.S. "Winners" Edition, each for $225 a
pop. There's a guarantee of a prompt 100% refund or pro-rata after a
month. Considering some of the claims or "facts" in the flyer piece, I'm
surprised I've never heard of this guy. Any input would be appreciated.
P.S. He asks that 'under this special Charter Subscription offer',
subscribers agree that subscriptions will remain personal and private. I
take it this means too many people following his stock recommendations
will hurt his system's performance? Either that, or he deals in very
illiquid stocks.
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