The websites of stock promoter Sherwood Ventures LLC (f/k/a Blue Wave Advisors LLC)

One well-known stock promoter is Sherwood Ventures LLC, formerly known as, or whose websites were formerly owned by, Blue Wave Advisors, LLC (see their website). It is a good stock promoter to analyze because unlike some other promoters, they do not change their address and legal entity every year or two. This makes finding their various websites rather easy. The rest of this post below was written before Bluewave changed to Sherwood. To my knowledge all the websites remain under common ownership.

One of the more common mistakes that new penny stock traders make is that they look on websites like StockPromoters.com or HotStocked.com or StockReads.com and then see that (for example) 20 different newsletters are promoting one stock. What matters is not the number of newsletters but how many separate promoters pump the stock and what the reach of those promoters is. (Of course, the most common mistake new penny stock traders make is believing that buying promoted penny stocks is a good idea — most of the time that leads to losses; there is a reason why I started trading penny stocks solely by short selling them and even now I sell short much more often than I buy.)

Following are excerpts from emails I received today promoting PBIO, first from BeaconEquity.com:

BeaconEquity.com is a wholly-owned subsidiary of BlueWave Advisors, LLC.BlueWave Advisors has been compensated thirty five thousand dollars from Equities Awareness Group (a non-controlling third party shareholder) for PBIO advertising and promotional services.

From StockPreacher.com:

StockPreacher.com is a wholly-owned subsidiary of BlueWave Advisor,BlueWave Advisors has been compensated thirty five thousand dollars from Equities Awareness Group (a non-controlling third party shareholder) for PBIO advertising and promotional services.

From MicroStockProfit.com:

Microstockprofit.com is a wholly-owned subsidiary of BlueWave Advisors, LLC.BlueWave Advisors has been compensated thirty five thousand dollars from Equities Awareness Group (a non-controlling third party shareholder) for PBIO advertising and promotional services

From TheLightningPicks.com:

TheLightningPicks.com is a wholly-owned subsidiary of BlueWave Advisors, LLC.BlueWave Advisors has been compensated thirty five thousand dollars from Equities Awareness Group (a non-controlling third party shareholder) for PBIO advertising and promotional services.

From TheHotPennyStocks.com:

TheHotPennyStocks.com is a wholly-owned subsidiary of BlueWave Advisors, LLC.BlueWave Advisors has been compensated thirty five thousand dollars from Equities Awareness Group (a non-controlling third party shareholder) for PBIO advertising and promotional services.

From StockRoach.com:

BlueWave Advisors, LLC owns seventy five percent of the outstanding membership interests of StockHideout LLC. Stock_Analyzer owns twenty five percent of the outstanding membership interests of StockHideout, LLC.BlueWave Advisors has been compensated thirty five thousand dollars from Equities Awareness Group (a non-controlling third party shareholder) for PBIO advertising and promotional services.

From StockHideout.com:

BlueWave Advisors, LLC owns seventy five percent of the outstanding membership interests of StockHideout LLC. Stock_Analyzer owns twenty five percent of the outstanding membership interests of StockHideout, LLC.BlueWave Advisors has been compensated thirty five thousand dollars from Equities Awareness Group (a non-controlling third party shareholder) for PBIO advertising and promotional services.

From InvestorSoup.com (on 3/15 — I did not see an email from them today promoting PBIO):

Investorsoup.com is a wholly-owned subsidiary of BlueWave Advisors, LLC.Currently BlueWave Advisors has been compensated sixty thousand dollars from Ouisache Advisors (a non-controlling 3rd party) for BARZ advertising and promotion.BlueWave Advisors has been compensated 750,000 Restricted Rule 144 shares from the company for PSID advertising and promotion. BlueWave Advisors has been compensated seventy five thousand dollars from Ouisache Advisors (a non-controlling 3rd party) for VGTL advertising and promotion

From PennyStockCraze.com (on 3/15 — I did not see an email from them today promoting PBIO):

PennyStockCraze.com is a wholly-owned subsidiary of BlueWave Advisors, LLC.Currently BlueWave Advisors has been compensated sixty thousand dollars from Ouisache Advisors (a non-controlling 3rd party) for BARZ advertising and promotion.BlueWave Advisors has been compensated 750,000 Restricted Rule 144 shares from the company for PSID advertising and promotion. BlueWave Advisors has been compensated seventy five thousand dollars from Ouisache Advisors (a non-controlling 3rd party) for VGTL advertising and promotion.

[Edit 4/5/2012 to add the Tech24.org website]

I just learned about another pump website owned by Blue Wave Advisors, LLC —   Tech24.org. See: http://www.tech24.org/disclaimer:

Tech24.org is a wholly-owned by BlueWave Advisors, LLC. BlueWave Advisors, LLC is a financial public relations company that is compensated by many of the companies profiled.

One interesting fact about Blue Wave Advisors, LLC is that the company owns and runs two paid subscription stock alerts services. Those services are TopStockPicks.com / SuperNovaAlerts and JasonBondPicks.

From TopStockPicks.com disclaimer:

TopStockPicks.com is a wholly-owned by BlueWave Advisors, LLC. While BlueWave Advisors, LLC is a compensated investor relations firm, TopStockPicks.com and its newsletter are unbiased.

From JasonBondPicks.com disclaimer:

JasonBondPicks.com is wholly-owned by BlueWave Advisors, LLC (BWA). BWA is a compensated investor relations firm. JasonBondPicks.com (JBP) offers a monthly, paid membership stock alert newsletter. These stock picks are one hundred percent unbiased and JBP is never compensated for them. JBP also runs a free newsletter, which will occasionally send out stock ideas which BWA may receive compensation for.

From a business perspective, it is a great idea for a stock promoter to have separate paid alerts services so that they can earn money in multiple ways (and they have a captive audience of people on their free stock promotion email lists to upsell their paid services to). That being said, I do not like the situation from the perspective of the guru, because the relationship, while it certainly leads to increased sales, can taint the guru, especially in a situation like with JasonBondPicks.com where Blue Wave sends paid stock promotions to people on his free email list.

[Edit 2013-6-10]: Both JasonBondPicks.com and TopStockPicks.com now disclose ownership by “Patriot Publishing.” Perhaps the negative publicity of their ownership by a stock promotion company led to the spinoff. In all likelihood the owners of Patriot Publishing likely remain the same people who own and control Sherwood Ventures.

Disclaimer: No positions in any stocks mentioned. I have multiple business relationships with Timothy Sykes, co-owner of Profit.ly, which currently provides the platform for JasonBondPicks.com and TopStockPicks.com [update 3/20/2012 – Apparently those newsletters are no longer on Profit.ly or at least are not being sold through Profit.ly — see http://profit.ly/sales/gurus] — please see my terms of use for details. 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.

11 thoughts on “The websites of stock promoter Sherwood Ventures LLC (f/k/a Blue Wave Advisors LLC)”

  1. Michael, while BlueWave of course has many newsletters, is there any one that would be best to subscribe to?

    Sincerely,
    Gary J. Palys

    1. Well, part of the point of them having multiple websites/newsletters is so that they can pump a stock with a portion of their newsletters for smaller pumps (for lower compensation) or pump over two days, using different newsletters each day. With Bluewave and other pumpers I follow all the newsletters I can.

      1. I follow all the newsletters I can.

        Ouch! Huge cost on your side or do you mutualize?

        By the way, neat blog theme. I like it. 🙂

  2. Is it safe to say that everybody with some type of alert services, will eventually wind up utilizing both sides. It would seem logical when you think about it, and think of the layers that are being created between the people actually profiting from the stock rising(the original share holders), and the people actually making it rise(the e-mail recievers).

    As a trader, the most important thing is figuring out where the niche is, then exploiting it.

    Michael, is there ever any chance with all the people getting involved in promoting a stock, that the buy might be better and safer than the short? Or, is shorting it going to always be the best way. All hypothetical of course.

    1. Preston — I don’t think that is inevitable.

      I do buy plenty of pumps. Most pumps will always be poor risk/reward to buy because the pump doesn’t happen unless someone really wants to sell a ton of stock. But buying pumps has been a significant chunk of my profits since 2011.

  3. I like your reveal of Bond alerts and its connection to promoters. Maybe some of your readers will wise up to the penny stock game and see it for what it is.

    1. Penny stocks are only one of Bonds many programs. Swing, Day and Options are also available. Jason Bond’s group is one of the most reputable and most respected groups around. Their education is invaluable. Another highly respected guru, Steve Nisson has also worked with some of the above named. JBP does nothing illegal. nor does he cheat or pump, anyone suspected of pumping or abuse of guide lines is warned then expelled with a refund. The ultimate decision is always up to each individual, he/she makes the choice based on their education and financial level. I have been a member of many investing groups, Jason Bond Picks is above them all. I like the fact you brought up his group.

  4. so if i understand correctly Jason bond (swing trading service ) not the day trade room runned by Luke is a pump ? i personally think that his swing trading strategy is awesome and he is a very good teacher and has very good picks also … just clarify this for me please thx MG!

    1. No, he isn’t a stock promoter, but his employer (or former employer or whatever) is. Since this blog post the legal entities for both the trading services and for the stock promotion business have changed but I have no reason to believe the actual owner of both businesses has changed. Anyway, it doesn’t much matter anymore — Bond pretty much only trades Nasdaq stocks now and the promotion websites listed in this post don’t pump nearly as much any more.

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