I stopped using InvestorsUnderground stock chat in December 2010 and I stopped recommending the chat at the same time. I do not recommend products or services that I do not use.
This article was posted on 3/15/2012 in place of an old article of little importance. While I ceased to recommend IU chat at the end of 2010 and I removed my affiliate link, I redirected my former affiliate links in old articles to redirect to a blog page that did not exist. I thus failed to properly notify my blog readers of my change in opinion. I regret that failure and have posted this article very belatedly to clarify my opinion for anyone who finds my blog through a web search and then clicks my IU affiliate link.
See related post Penny Stock Trader Nate Michaud Settles with SEC in Pump and Dump Case.
Disclosure: I used to be an affiliate of InvestorsUnderground (IU) stock chat, for which I received 50% of a new subscriber’s first month’s payment and 25% on an ongoing basis. I have not received any affiliate payments from them since December 2010. I am no longer a member of InvestorsUnderground stock chat; my membership ended at the end of 2010. I had subscribed to IU since its inception at the beginning of 2009 and I paid the standard rate of membership for charter members, which was $99/quarter (I also was a member of the free predecessor chat, Green on the Screen, for 6 months starting in summer 2008). From 2009 through 2010, I received a total of $5,720.39 (net of Paypal fees) from Pietro Rossa Trading (the Nevada corporation through which Nate Michaud runs InvestorsUnderground). This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.
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