Pro Tipsters....the new breed.
In
the beginning there were brokers, a fine knowledgeable body of men who provided sound financial advice to their clients.
Unfortunately one naughty broker.....we shall give him the code name Pink Fluffy Bunny so as not to get sued......was
a tad naughty one afternoon and advised all his B and C list clients to buy all the sick dog stocks he and his A list
clients had got cheap in a placement..... just before they fell in a nasty smelly heap.
At
the same time as this bit of bother got in the papers, internet trading came along so lots of B and
C list punters went "Bugger this I can trade for $20 bucks a throw now up yours Mr. Broker I'm off to the internet" Once
given their freedom they took their advice from each other in chat rooms. They bought stocks on the advice of chat room gurus.
Strangely enough one of the busiest chat room gurus went by the nickname of "Pale Red Cuddly Rabbit" who it later turned out he
and his mates were getting cheap stocks in placements and ramping them to buggery by talking to all his other nicknames
on the chat site. This even bigger smelly heap was called the tech wreck.
Out
of this was born the professional tipster. the idea being, that trader who perhaps doesn't want to spend 2 hours a night
on charts and watch the screen all day can pay a modest sum to some guys who know the game and still save on brokerage.
Now
the pro tipster will claim that brokers rely on commissions from companies as well as transaction fees from punters, so
could have conflicts of interest. The tipster is independent and free to tell it as it is.
As a balance
to this you should ascertain that the tipster you are subscribing is truly independent and declares all
trades in stocks he is tipping.