Marl The Stock Trading Robot Is A Scam!

A couple of weeks ago I decided to purchase and test Marl the stock trading robot (doublingstocks dot com). I fully anticipated it to be hogwash, in fact if you do a search on Google you will find plenty of people complaining about these scam artists. But I decided to test it anyway, here are the 3 reasons why (remember I did this so you don’t have to):

1) Marl the stock trading robot is currently the number 1 selling product on Clickbank and I have seen a ton of affiliates promote it on various advertising venues – as an internet marketer this of course got my attention, I wanted to check their sales process to see why they were selling so well, getting people to promote them etc.

2) I routinely reinvest a part of my profits on the stock market and I’m always looking for good information and tools that can help me make the right decisions. The notion of finding cheap penny stocks that are very likely to double is of course something that will give most investors wet dreams :-)

3) The Stock Trading Robot has a very compelling sales page that really sucks you in – Of course it is of the “too good to be true – run away fast” nature, but for testing purposes I decided to let myself be “sucked in” and give it a test.

So what is Marl?

The background story: a young computer geek develops a computer stock trading model, while contracted to Goldman Sachs. He then goes on to develop a piece of home computer software to predict the stocks future direction by analysing a stocks past price movements. The story is plausible, however if you search on Google you will find that a number of people have already shot it to pieces e.g. he was never contracted to Goldman Sachs.

The real problem is in the premise that his new software can predict stock prices based on past price movements. Yes you can use such a model as part of your analysis, but as you can imagine it takes a lot more than that to predict stock movements e.g. overall market trends, news and most importantly reports from the companies in question. Furthermore such a technical analysis of price movement requires and ungodly amount of data an calculations – plus you still have to make your “educated” decision based on the data and the other factors.

What you get (or don’t get) when you buy!

So, my alarm bells where already ringing at this point, but as I said I had decided to go ahead and purchase it anyway.

The main product is a subscription to their newsletter and it has a $47 price tag. Supposedly you will receive a weekly newsletter with a couple of recommended stocks as calculated by Marl. I paid and entered my name and email – I promptly received an autoresponder email from Michael Cohen (the developer). The email thanked me for signing up and told me that I would get my first newsletter on Sunday – well two Sundays later I still haven’t received anything. Again if you search on Google you will find that this is the most common complaint (and I can guarantee you 100% that this was not a junk folder issue on my end).

Bottomline: $47 wasted on getting a thank you email. The so called stock prediction newsletter might have been worth $47 if they actually bothered to send something – Of course if they did I would highly doubt it was based on a technical analysis by a stock trading robot ;-)

But it gets worse!

After you subscribe to the newsletter you get presented with an offer to buy your own version of the stock trading robot. It sells for $97 and sounds like a very good deal – you can then “predict” as many stocks as you like instead of getting 1 or 2 in your weekly newsletter… Yeah right LOL, but of course I also had to test this option.

I got my download right away and it was easy to install – a few minutes later I burst out in hysterical laughter…

1) You are supposed to download EOD (End Of Day) files from the various stock exchanges and to analyze movements you, of course, need as much previous data as possible. The stock trading robot offers these EOD files from their website and they are nicely formatted so it’s easy to import into your database. Problem: I have checked on a daily basis and they only have EOD’s available for April 18th 2008 – they do not update this and of course you can’t analyze movement from a one day data set.

2) Big deal, you can get EOD files from hundreds of websites including Yahoo Finance. Problem is that this “state of the art” stock trading robot does not support the conventional formats for the EOD files and it took me forever to get some valid data in there… No worries, afterall I was ready to get rich now.

3) The stock trading robot does not predict a damn thing. It has a range of filters you can use to analyze the stock movements, but nothing you can’t find in your own stock trading platform e.g. etrader. In fact the tools and interface in Marl is the worst I have seen in a long time and the documentation is virtually non-existent.

Conclusion – Run Away Fast!

There is absolutely no doubt in my mind that this is a scam. They have a highly optimized sales process, but deliver absolutely nothing of what was promised. The only saving grace was a couple of PDF’s with decent content, but nowhere near the $47 and $97 value. I have seen this a hundred times, their concept is to push enough sales through and then hope that people don’t refund (either because they forget or because they don’t want to admit that they got robbed)… I got my refunds from Clickbank today and if you have purchased this piece of junk I suggest that you go there and ask for yours.

My recommendation

There is nothing wrong with wanting to earn a significant ROI on penny stocks. But here’s what I suggest, take your $47-$97 to Amazon or your local bookstore – there are hundreds of great books on small cap investment strategies. Follow the market news both online and offline and do your own research on the companies you want to invest in. If you don’t want to do all the leg work, put you money in an investment fund that specializes in penny stocks – trust me that is far better than wasting your hard earned $ on a scammy stock trading robot.

Are you promoting Marl?

Are you one of the thousands of affiliates who are promoting Marl? I can understand the lure, it sells like hot cakes and pays some great commissions – to be honest that was one of reason why I decided to test it, had it been any good I would have been all over it. But you may want to take a step back and think… is a few quick bucks worth risking your reputation? I have seen people destroy their internet marketing career in a single email blast! And can you live with selling a known scam? The decision is yours.

Please Help Me Spread The Word

I strongly believe that these scam artists should not be allowed to get away with their shady business. First of all it’s just plain wrong, but at the end of the day it will also hurt the reputation of the rest of us, who are selling quality products and services. Help me spread the word so we can put these guys out of business… Here’s what you can do:

  1. Digg this post => Click this link to give me a Digg!
  2. If you have a blog you can write a post about this and link back to this article
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  4. Use the PlugIM button below to plug this post.

And finally… Please leave a comment below if you have any questions about this article, any comments or maybe you could share your own experience with Marl – thank you.

I hope this post was helpful – I any event you have been warned ;-)

Have a great day,
- Soren Jordansen

Monday, April 28th, 2008 at 4:14 pm and is filed under Information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Comment on this post (115)

115 comments

  1. Posted by Solomon Huey 28th April, 2008 at 4:49 pm

    Great post Soren, I find it amazing when people are willing to promote garbage to their lists without at least doing some research.

    Hopefully this will inspire more people to follow your lead and actually make sure something works before trying to sell it to their lists.

  2. Posted by Allen Taylor 28th April, 2008 at 5:00 pm

    Nice writing. You are on my RSS reader now so I can read more from you down the road.

    Allen Taylor

  3. Posted by Margaret Allen 28th April, 2008 at 6:12 pm

    Having worked in the stock market many many years ago, I am well aware of just how “easy” it is to predict price movements. Its all hogwash and anyone who believes these scams deserves to “invest” their money> Great job in writing about this latest “invention”.

  4. Posted by Christian 28th April, 2008 at 6:13 pm

    Thank you for this Scam Alert.

  5. Posted by Mark Sandquist 28th April, 2008 at 6:14 pm

    Soren,

    Great review!

    I had a felling that this was a pile of crap when I read the salesletter.

    Mark.

  6. Posted by The Mjaco Blog » Blog Archive » Marl The Stock Trading Robot Is A Scam! 28th April, 2008 at 6:14 pm

    [...] scam artists. But I decided to test it anyway (remember I did this so you don’t have to).read more | digg [...]

  7. Posted by SusanneUK 28th April, 2008 at 6:20 pm

    Thanks for the warning Soren and as someone else said, for actually looking into the things you might one day sell on to your list – I appreciate that because I am on it LOL

    Thanks
    Sue

  8. Posted by Bruce Formhals 28th April, 2008 at 6:20 pm

    I saw this program awhile back when I joined Click Bank. I knew it was a joke and a scam.

    I have been in the financial and investing industry since 1998, I hold a Series 7 license (securities and NASD registered)

    Ther are many penny stock scams out there. Another common one that every one should be wary of is usig so called pink sheet subscriptions. Many of these companies get you to buy the stock, so that the price runs up very quickly. They then cash out immediately leaving you hanging on to just that a PENNY…

    Regards, Bruce

  9. Posted by Al (PaPaGrizz) Nelson 28th April, 2008 at 6:24 pm

    Soren,

    Thank you for the info, I will put this on my blog ASAP.
    My readers know and trust me with my reviews and now I can give them another source of “Truth In Marketing”.

    It is refreshing to see someone else telling the truth instead of just trying to make a quick buck.

    Well Done!

    Al Nelson
    HardKnockMarketing.com

  10. Posted by Thomas 28th April, 2008 at 6:25 pm

    Thanks Soren but i do get Penny stock newsletters and it is a great way of investing in my cercumstances at the moment. Meantime i do have my oun company, in the meantime i have a site for you to look at maybe join as well? cick on my name. Thank you!

  11. Posted by Karen 28th April, 2008 at 6:25 pm

    I guess I’ll have to be the one to go against the grain.

    While I didn’t get the “robot” I have gotten the subscription and all the newsletters and emails as promised.

    I’ve followed 2 recommendations so far and made excellent money on both.

    So I can’t complain about the subscription.

    As for Bruce’s comment about Pinksheet recommendations – listen to this advice!!! I was suckered into this a few years back and lost money because of it. And once you’re on a list there’s no way to get off it!!

  12. Posted by Yvonne 28th April, 2008 at 6:32 pm

    Soren, thanks for speaking up and also for giving affiliates a fair warning about this. So many who are promoting something do not take the time to look at the product and they truly risk their reputation.

  13. Posted by Lucie Bellemare 28th April, 2008 at 6:32 pm

    Well, there’s at least one person that received the newsletter and recommendations…

    Doesn’t ClickBank ban products that are considered to be scams? What is their policy in this regard?

    Thanks!

    Lucie

  14. Posted by Soren Jordansen 28th April, 2008 at 6:42 pm

    Thanks guys and girls keep the comments flowing :-)

    So it would appear that one person actually got a newsletter – based on my own experience that’s definitely not enough to change my opinion.

    I would however love to hear comments from more people with hands on experience – positive and negative feed back is welcome.

    And finally… as you read the comments pay attention to what the people that work with stocks/investment have to say ;-)

  15. Posted by Denise 28th April, 2008 at 6:43 pm

    Great review, Soren. I don’t dabble in stocks, but I sure do hate scams. Since this sells through ClickBank you (or anyone else who has been scammed) should report it to CB so they can pull it from the marketplace.

    Denise

  16. Posted by Soren Jordansen 28th April, 2008 at 6:44 pm

    And as far as Clickbank goes my experience is that they pretty much judge a scam by the % of refunds/chargebacks

    E.g. they don’t allow certain types of products that are against their TOS and they punish publisher with a high refund %

  17. Posted by Traci Watkins 28th April, 2008 at 6:46 pm

    Thank you so much, Soren! Great job following through with this scam and letting us know about it! We need more marketers out there investigating crap like ths…I have been scammed by a different product last year! Us marketers need to stick together when it comes to these thieves!

  18. Posted by Easy Garden Wisdom 28th April, 2008 at 6:49 pm

    Soren,
    The saving grace is that ClickBank does quick refunds for this type of product.

    The sad thing is so many affiliate marketers jsut jump on these things without at least testing them. Congratulations on your integrity

    Think Penny Stock program scams are bad give Forex a try.

    Regards,
    Jim

  19. Posted by Beware this proclaimed powerful stock resource 28th April, 2008 at 6:51 pm

    I will post this on my lens at http://www.squidoo.com/internet-marketing-guidance where I specifically talk about scams. Thank you. Thank goodness. Though I don’t dab in stocks or trading, there are many readers who may be considering it. I think I, too, will subscribe to your RSS just to stay informed!

  20. Posted by Glenda Oakley 28th April, 2008 at 7:02 pm

    Yes, thank you for your warning.I would not have promoted the robot as I have absolutely no knowledge about the stock market.I prefer to understand something before I reccomend to others. I will certainly spread the word though.I know some people lived in fairyland, but a “magic robot”?
    Cheers, Glenda

  21. Posted by Jeff Lane 28th April, 2008 at 7:16 pm

    That was a very good subject. I wished that more people would warn us about scams.
    I see that you are into stocks. You have to be very careful now days. I’m not trying to sell you anything but if you or any body wants to know how to make guaranteed interest on your money,email me and I will give you the site address.

  22. Posted by Mike Rogers 28th April, 2008 at 7:16 pm

    Top Notch, Soren. A valid demonstration of why you should never promote a product to your list unless you have tried it yourself –

    Mike

  23. Posted by Adam 28th April, 2008 at 7:17 pm

    Hey there,

    Great little blurb on this product Soren…

    Here is something you may find interesting. Yes, I got the newsletter just fine, although lately, for a couple weeks, nothing has been sent. This is likely what you are experiencing. They hav enot sent anything in awhile.

    But here is the clincher…

    Before I purchased I subscribed to their free newsletter (don’t know if that is still available)…it was just a simple lead capture form on their site to get mor einformation.

    It turns out that after I purchased the supposed $47 newsletter guess what? The form I filled out to learn more about thsi for free and teh paid newsletter have always 100%, been the same.

    That turned me off imemdiately and of course, I would never promote this garbage. I don’t know anything about the actual software.

  24. Posted by Douglas Miller 28th April, 2008 at 7:24 pm

    Thanks Soren,
    We must all put, and keep theses bottom feeders on notice.
    Douglas Miller
    Hundred-Fold-Life LLC

  25. Posted by Frank Kilgore 28th April, 2008 at 7:26 pm

    Thanks Soren,
    Your absolutely right that Marl or any other so called stock trading software will work.
    If someone really wants to understand how to make money in the stock market I would recommend going over to http://www.bettertrades.com and finding one of their courses.
    I have just started one of their courses (big workshop next week for me) and at least one of their instructors has stated that you cannot have a computer program tell you what and when to do something in the stock market because all the technicals are a function of PEOPLE actions. Enough said!

  26. Posted by Soren Jordansen 28th April, 2008 at 7:27 pm

    That’s very interesting Adam… as I wrote I never got a single newsletter. The newsletter may be good but I have no way of knowing – and if you can get it for free hmmm…

    The upsell software is most definitely a piece of junk and a scam. And of course there is the whole question about being able to predict future stock prices solely based on past movements.

  27. Posted by Frank Kilgore 28th April, 2008 at 7:29 pm

    Editing my post above:
    The first sentence should read that “stock trading software does not work”.

  28. Posted by Kristine W. 28th April, 2008 at 7:30 pm

    Thanks Soren for the honest review (not one of those “I hated it but…(something) and now you should buy it.” :-)

    It’s unfortunate that so many people think that just because something is a “hot seller” on CB that it MUST be good. As a prior Stock Broker myself, I thought it was a bunch of bunk so I never looked at it twice – that being said, I am glad that someone bought it and investigated first.

    Thanks again for the honest update – you have no idea how refreshing it is.

    - Kristine

  29. Posted by James 28th April, 2008 at 7:32 pm

    Great post Soren. Thank you again for keeping people informed and for doing the right thing.
    I continually get things in my email that I know are garbage and respond with advice leading people to better information, resources etc (most free). Some actually thank me, others ignore me as commission is all that matters to them. When I see anything form these whether it is the item I know or not I always junk it. People are willing to damage their own reps without regard so long as they get some money.
    That is one of the things I like about you, you find something good you let people know not only it is good, but that you use it and what is good about it. If you find something not good, like this, you give appropriate information and warnings. It sure makes it easier for anyone who reads your blog and emails.
    Thank you for your positive contributions to life on the internet!

  30. Posted by Freda Hill 28th April, 2008 at 7:33 pm

    Wondered how others felt about the validity of
    this robot! I followed up a couple of the
    suggested hot tips and only found over-rated
    and outdated references.
    Thanks Soren, I will post this to my blog to
    support your endeavour.

    Good Luck in saving many other good people.
    Cheers, Freda

  31. Posted by Ron Chaney 28th April, 2008 at 7:34 pm

    Hey Soren,

    Thanks for the heads up.

    I will link back to this post from my blogs, and maybe save some of my readers from yet another cheezee software offer.

    Ron

  32. Posted by Peter Solty 28th April, 2008 at 7:35 pm

    Allright Soren, that is on my blog,
    hope this helps

  33. Posted by jenny 28th April, 2008 at 7:43 pm

    Thanks for testing this Soren! They say if it looks dodgy, sounds dodgy , it probably is dodgy. As so it seems to be as far as the magic robot is concerned!

    Like a few here – I have also worked close to the stock market. People seem to forget that the markets were set up for people to trade in investments in real companies – depending on their success or failure, rather than a form of getting rich quick.

    Whilst some calculators may work to an extent – they will never replace extensive knowledge of the economies and the state of the industries in which these companies operate. There are no guarantees made by the professionals – so a robot is even less likely to get it right in the long term.

    I guess a few people need to remember that there is no such thing as a free lunch!

    Jenny

  34. Posted by Mark 28th April, 2008 at 7:58 pm

    Soren, you just saved me $47.00 as I was looking in to this. I have forwarded this on to all my customers. Keep up the good fight!
    Mystical Light Photography

  35. Posted by Sharon from Mississippi 28th April, 2008 at 8:02 pm

    You sure put the old snarl on Marl. Great job, Soren!

    Good thing ClickBank has a 60-day refund policy, yes?

    Be sure to get yours. :)

  36. Posted by Johan Kruger 28th April, 2008 at 8:06 pm

    Soren, I appreciate people standing up and speaking out about scamers. Thank you. Great job. Like your blog.

  37. Posted by Bill Laboon 28th April, 2008 at 8:29 pm

    Hi Soren,
    I’ve seen ads for that “stock trading robot” all over the Internet. It’s pretty obvious it’s a scam, but I wanted to see exactly what sort of scam it was. Thanks for ordering it and analyzing it so I didn’t have to! =)

    Bill

  38. Posted by Rich Carter 28th April, 2008 at 8:38 pm

    Great post and you deserve a big thank you for the heads up on this one.
    To many people have been burned by MARL.

    best regards
    Rich Carter

  39. Posted by Ilka Flood 28th April, 2008 at 8:47 pm

    Thank you, Soren for the heads up and the great advise! It couldn’t have come at a better time as I am trying to get my feet wet in the stock market.

    Great value in your blog. Keep up the good work.

    Ilka ;o)

  40. Posted by Harry Nguyen 28th April, 2008 at 8:57 pm

    Thank you for taking one for the team. LOL

    Harry Nguyen

  41. Posted by Tarik 28th April, 2008 at 9:04 pm

    Hi Soren, I got your email and I am concerned…
    I am an internet and referral marketing affilliate of several business opportunities most of which I’ve found to be excellent programs that require very little if any investment and equally minimal “work”!
    however this MARl is not one of them…I do not recall ever getting invovled in this program and I know nothing about it other than what you have reported.I am now going to reread your email and look for the link to the page you said you saw me listed as a promoter for it. I can only speculate that it is possible that my name was sold by some spam artists list to a promoter for this program who is perhaps using such lists to misrepresent people as if THEY are also promoting this program.I suppose the reasoning behind could be to make it seem as if business is booming for the program.Thanks for the warning I’ll check it out right away..If I somehow have signed up for this and forgotten about it (which seems impossible since I’ve no email or other records of it) I apologize for any inconvenience you may have experienced. I’ve been trying to identify which website I gave my email too that sold my name to a spammers list but It is difficult because I remember doing more than one thing at the time including one of those stupid “free digital camera” endless survey sites!

  42. Posted by Michel Rathwell 28th April, 2008 at 9:27 pm

    Soren,

    Thank you for this great post. I’m sure it will save some people a lot of time and money.

    I received a numbr of e-mails promoting this robot but personnally, I am not big on this stuff and it sounded too good to be true.

    Am I ever glad I stayed away from it. Now, I have no doubt it was a scam.

    Good joband thanks again.

    michelr

  43. Posted by John Smith 28th April, 2008 at 9:46 pm

    Hi Soren:

    Having a licesed securities agent, when I first received this info I knew right off the bat that it would work. I should have posted to my blog as you did. this person would have to have been a licensed agent to even advertise something like this as the SEC requires all advertising be approved before you can use it in on the public. That was mostly what clued me in on the scam.
    That question is on the securities exam. You also cannot promise any one about their return on investments . The only thing you are allowed to sday is that the stock market will go up and it will go down. If you tell them any more than some history on the stock, you are liable to be prosecuted for fraud. If it sounds to good to be true you can bet it is!!

    John Smith

  44. Posted by Mark Hodgetts 28th April, 2008 at 9:50 pm

    I have wondered about this product for some time, and suspected pretty much as you did Soren. I didn’t have the inclination to prove it. Congratulations on a well researched, intelligent review of a product that is absolute garbage. I’ve already alerted several forums to your post .

  45. Posted by ekl 28th April, 2008 at 9:53 pm

    You saved me 47 bucks…tks. Before buying this products, I try the “free” newsletter and follow the hot topics from M. Cohen. Their is no magical money making there, everything is in red for more than two months…

  46. Posted by Andrew Stark 28th April, 2008 at 9:54 pm

    Hi Soren

    Glad that you’re clever enough to request a refund. The only shares I have are Astrazeneca which I get given on a yeraly basis as part of the company bonus.

    If these drop below £20 they’re worth buying.

    I think I managed to figure out how to digg you, so word should start to spread.

    Andrew

  47. Posted by Tim Donald 28th April, 2008 at 9:56 pm

    This is a LONG one but it is what is going on with me & them.

    Yeah, I got the “Robot”, too, but it didn’t bother me that it is “junk.” What bothered me – actually what makes me mad as H**L – is that they advertized the $47 “newsletter” through email advertizing, stating in NO uncertain terms, that if you got the “newsletter” for $47, & opened an account at TD-Ameritrade through their link, they would deposit $100 – giving you a $53 balance that you can “even take it out and profit by $53.” I did. I sent a copy of my receipt & everything; they came back – a guy that works there by the name of David Jonas – who I am STILL emailing every couple of days, cursing him & his – say that you have to make a $2500.00 deposit with Ameritrade before you get this “promotional” – it is a “promotional” by Amerirade, NOT them.

    I have told them that I AM naive, but THEY sent the email, it said NOTHING about $2500, it stated THEY would give the $2500 deposit, it was THEIR link, it was THEIR name. I have called them everything but “Children of God” & intend to have my lawyers pursue it, but they won’t even give me contact information.

    I live in a VERY small, rural, Southern town that is regularly compared to Mayberry on ‘The Andy Griffeth Show’; I’ve never been exposed to liars, cheats & thieves. I wish I were not being exposed to them now; I may be naive, but people such as these liars make me lose trust & faith in humanity. That is something that I hoped to never lose.

    Tim

  48. Posted by Tim Donald 28th April, 2008 at 9:59 pm

    By the way, I’m sending this URL to David at DoublingStocks (MARL)

    Tim

  49. Posted by R. Tom Worthington 28th April, 2008 at 10:03 pm

    Soren,

    Thanks for the heads up! It’s great that you test out products and let people know about them. I wish more folks on the ‘net were like that.

    I will do whatever it takes to protect my reputation too. After all, integrity and the trust of others is of the utmost importance.

    Thanks again for letting us know. Your blog and emails are always high on my reading list – keep up the good work. ALL marketers should strive to be more like you. :-)

    Tom

  50. Posted by Sam 28th April, 2008 at 10:06 pm

    Hi,

    I also signed up for this, maybe a year ago. And yes, I did get forecasts, newletters and recommendations, but not on a very regular basis. Sometimes twice a week, sometimes twice a month. At first I was tempted to try it out, but decided to just chech out on the forecasts first before doing anything more serious about the whole thing.
    So I wrote down the picks of the day, put an imaginary sum of money, and followed the trend on Yahoo Finance.
    The picks were sometimes a bit outdated as far as I could see – the stocks just went down, and a loss would have been the result. Other picks went up, where a profit would have been made. The relation between loss/profit was more like 50/50, as far as I could see, not 80/20 as they claim in their website.

    As all the transactions go thru a registered broker firm, I cannot quite agree that it is a scam. Risky business, yes.
    Maybe for someone with a lot of spare money, and using the old black/red roulette tactics, just doubling the bets for each loss.

  51. Posted by Marl The Stock Trading Robot Is A Scam! | Mid Life Marketer's Kick Start 28th April, 2008 at 11:07 pm

    [...] read more | digg story Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages. [...]

  52. Posted by Keries 28th April, 2008 at 11:14 pm

    Great Review.

    I too invest some of my profits in the stockmarket so I too read all about Marl. However experience had me convinced it must be a scam but I couldn’t understand why it was so popular. I now realise that unfortunately a lot of marketers are in this game to make money at any cost so just promote the hottest products without even considering if they work let alone test them.

    I started to set a a webiste so time ago to promote stockmarket products but maybe a being a bit fussy but I’m having trouble finding products that I feel comfortable with promoting – hence it’s still on the backburner.

    Keries

  53. Posted by Annie 29th April, 2008 at 12:17 am

    Thanks Soren, your effort and research is much appreciated. Will definitely give this one a very wide berth.

    Clickbank (and others alike) should test their products first, their reputation is at stake. Affilliate marketing success is dependent on truthful representation. Honestly, hype should be left under cover in the cart, not displayed in the market place.

    Thanks for running the gauntlet and rooting out the iffy side of internet marketing.

  54. Posted by Max 29th April, 2008 at 12:27 am

    I made the same mistake back in Nov of last year when I purchased MARL. However they did refund my money when I asked for it.

    HOWEVER, I’ve always suspected this company of “Fixing” the MARL program. Does it really “Scan” the database and look for a stock that meets criteria or do MARL owners buy a low priced stock, and then make MARL recommend it, so you and I will buy the stock and drive up the price??? No proof, but just a question.

  55. Posted by clement kong 29th April, 2008 at 5:04 am

    hi soren,

    me my self had brought the new $47 newsletter and purchased marl software for $97 i ask for refund but they dint refund my money yet, i am worried right after reading your blog can you help me out here on what to do?
    thank again for having this blog, hope to hear from you soon

  56. Posted by Che Castillo 29th April, 2008 at 9:36 am

    Hi Soren,

    Thanks for this post. You are helping out a lot of people with this. This is very nice of you to do. :)

  57. Posted by Marl, The Stock Trading Robot Scam « StairSteps To Riches 29th April, 2008 at 9:53 am

    [...] April 29, 2008 at 4:53 pm (Scam) I just received this newsletter from Soren Jordansen, about Marl – the Stock Trading Robot is a scam. And I just want to help spread the word. Everybody be warned. Below is the story of Soren’s experience with these scam artists (excerpt from his blog at http://sorenjordansen.com/marl-the-stock-trading-robot-is-a-scam). [...]

  58. Posted by graham | Tips4-u.com 29th April, 2008 at 10:01 am

    Good work Soren, The only way to stop these thieves, is to expose them.

  59. Posted by ralph wilhelm-dude17111 29th April, 2008 at 11:14 am

    Soren:
    Thank You for your research into this product. As a result of this blog and several of the comments made by people who really know stocks, I have pulled all investment promotions from my blogs.
    Thanks again
    Ralph Wilhelm-dude17111

  60. Posted by resalerightsforever.info » Marl the stock Trading Robot is a scam 29th April, 2008 at 11:19 am

    [...] http://sorenjordansen.com/marl-the-stock-trading-robot-is-a-scam [...]

  61. Posted by Brad Hughes 29th April, 2008 at 2:01 pm

    I got a ton of email about this “robot” too.
    After reading their sales page, I figured it was junk, they were promising too much.
    I’m glad you are exposing them for what they are. Internet marketing is hard enough without jokers like these.

  62. Posted by Kate 29th April, 2008 at 2:53 pm

    READ THIS:

    http://www.onlinetradersforum.com/showthread.php?t=17612

  63. Posted by Jonathan 29th April, 2008 at 5:02 pm

    Scams are no good for the affiliate arena’s survival. Thanks for exposing. Get the crap out of there. Restore confidence. :-)

  64. Posted by Marc 29th April, 2008 at 10:06 pm

    Thanks for the article. After I signed up for their e-mail I got sporatic tips from them. I followed them on paper and the ones I followed closely all lost money big time. I kind of knew this would end badly.

  65. Posted by Michael 29th April, 2008 at 11:31 pm

    I purchased MARL too. How stupid. I’m going to ask for my refund from clickbank today. I was so excited after purchasing I created a website about the stock trading robot > http://stockmarketbot.com

    Well, my friend, I am now going to use this website as a vehicle to warn people not to fall for this scam.

  66. Posted by Dale 30th April, 2008 at 6:52 am

    I got sucked into the sales letter also and brought the upsell Marl robot program. I couldn’t figure out the robot program at all. I have just the basic of knowledge on stocks, let alone any knowledge of penny stocks, but I figured I could learn.

    So given that even I could tell the robot wasn’t worth 5 cents. Sometimes I couldn’t find the penny stock name on any of the financial sites. And what I thought was odd that when you ran the program on the weekend, it would give out picks. Aren’t the markets closed on the weekend? so why would it give a pick? ClickBank was excellent on the refund and I got the $100 back.

    I didn’t get a refund for the newsletter though, figuring that I would follow it for a few months and do a paper test on the results. So that’s 50 bucks down the drain apparently, based on the comment that it is a 50/50 deal anyway. If people know more than I do about penny stocks, I’ve posted a .doc of the newsletters I’ve received since I joined in early Feb. http://honestabeproducts.com/MARLnewsletter.doc

    I added the date and time (Pacific Time) that I received the email, other than that it is copy and paste of the newsletter. I haven’t analyzed any of the picks if they are profitable or not. Anyway you can see what your 50 bucks in a lifetime sub??? gets you.

    I would agree that the pdf’s were pretty good, but yeah are they worth $47? Probably not.

    Thanks for the heads Soren.

  67. Posted by John Longmore 30th April, 2008 at 1:43 pm

    Hello Soren

    Consider yourself lucky that you never heard from Mr. Cohen or received his Newsletter! So far I have had 3 “hot buy” prospects, namely: RUNU (Rudy Nutrition), Vanguard Minerals Corporation (VNGM.OB) and VITALCARE DIABETES T (VDTI.PK) — all down more than 50% since I received the ‘buy now’ tip!

    I purchased this set-up of his for very similar reasons you gave in your Blog ….. and of course the opportunity to make a little money by introducing my friends to the system. More than 10 people have already offered to throw $150 my way to buy themselves in but I told them to ‘hold on’ until I tested things.

    You see when I first saw his sales page I also did not take too much of it very seriously and I contacted some of the people who gave testimonials on his site — all came back with very positive feedback. I also wrote Mr. Cohen a couple of emails with questions and he dealt with everything very well.

    Well enough to get me to blow my $150 on his system and Marl. I have not even got round to installing the software yet as I have had a few health problems over the last few weeks and have been in and out of hospital. I no longer think I am going to even try and install it but rather just contact ClickBank for my refund!

    I also feel ClickBank could help a little bit here if they weren’t so like a ‘pimp’ for their fat fees. Is there any point in contacting them as well?

    Kind Regards, John Longmore

  68. Posted by Soren Jordansen 30th April, 2008 at 10:25 pm

    Thanks for the feedback everyone I really appreciate it – keep it coming ;-)

  69. Posted by Keith 1st May, 2008 at 6:35 am

    I purchased the marl software from e-bay for $5. It is identical software that I downloaded a while back from firefox that did absolutely nothing then. It still does nothing. As far as the newsletter,,, you can read it free at http://www.doublingstocksnewsletter.com/

  70. Posted by Keith 1st May, 2008 at 6:49 am

    Marl is now available on ebay for $0.01.

  71. Posted by Monika 3rd May, 2008 at 12:58 pm

    Hi Soren ,
    Thank you for this important info , I was tempted by this Marl , as we do dabble in stocks , but am glad I had put it off , especially
    after receiving your warning email …I think its
    so reassuring, and nice to know there are honorable people in this bussiness , keep it going for everyone, and I ‘ll pass it on where I can .
    regards Monika

  72. Posted by Monika 3rd May, 2008 at 1:09 pm

    Forgot this !

  73. Posted by tommaso 4th May, 2008 at 1:07 am

    Hello Soren,

    well done,

    tommaso

  74. Posted by Jenn 4th May, 2008 at 10:43 pm

    Thank you Soren for a well-written and thorough review.
    I can only hope that the affiliates promoting this product will heed your advice about protecting their reputation!
    Take care,
    Jenn

  75. Posted by Dave 12th May, 2008 at 9:36 am

    Greetings everyone,

    curiosity got this kat. I purchased the letter and baby Marl This last week. I put the whole thing on probation for a week.

    First, the “baby” Marl is not worth the time it took to download. It does not work. Has no usable data to update. It comes with no user guide. Has no usable function from what I can see.

    It is now, 0130 hrs, monday. No newsletter, big surprise. I did get a headsup email saying that the letter would come out monday AM, at 0930 hrs!!!!! Remember, trading day starts at 0700, hrs, EST. Of course, this is well after the Inside profit takers would have jumped in – driving the price up, and then been able to put in their sell orders. As we suckers rushed in.

    Now I am in the process of investigating Clickbanks return of my $$$.

    *** THIS IS MOST DEFINITELY A SCAM !!!! ***

  76. Posted by Shaun 13th May, 2008 at 9:09 pm

    Soren,
    Thanks for the heads up. I enjoy getting feedback about other programs out there from people I trust. Once again Thanks

  77. Posted by Marl The Stock Trading Robot Is A Scam! | Making Money On The Web! Are You In? 18th May, 2008 at 10:01 pm

    [...] read more | digg story [...]

  78. Posted by Colin Rose 23rd May, 2008 at 3:13 pm

    This was a most valuable article and I congratulate and thank the author for having done such a public service. I had been looking into this but somehow I felt there was something wrong having been in Business for over 38 yrs. Some of my associates think I am an expert on S & S but I’m just lucky. Like most rich folk my money is in bricks and mortar both in the UK and France and to hedge my bets I design and build in the UK and refurb in France. I considered a site on how to purchase properties in France for the price of a holiday but the key to this would be speaking fluent French therfore it would not be ethical. I am surprised that you don’t appear to have a body like the UK trading standards Authority. We have replaced Sec. 16 of the Theft act with the Fraud Act 2006, Sec 1, which came into force last year ( I was once a Special Constable ). for all of us who are either affiliates, or aspirants, he has done a great service. If only this could be made more public. What about one of you influential types starting a movement to get the “trade” better recognition and a public perception such as enjoyed by other “professionals” as per Architects, Yachtmasters, Electricians etc.

  79. Posted by John 25th May, 2008 at 12:27 am

    Soren, that’s a great review and really sums up my personal experience with this crap! So thank you very much for informing others.

    Ok, so for the benefit of the reader of this comment I would like to make you aware of a few things from my personal experince. You see I’ve been subscribed to this bruise-letter (my nickname for a bad newsletter which hurts your goal pregression based on it’s crap information!) for over 3 months. Here’s what I’ve experienced:

    1. I receive a stockpick once every 2 weeks if I am lucky.
    2. Out of about 5 stock picks delivered, only 1 has seen a return on investment. RUNU is the stock in question, it went from 0.81 to 1.12, but Micheal Cohen told me to carry on holding past 1.40! What a plonker! (as us Londonners would say) It is now trading around the 0.2 mark…just have a think of what that could do to your finances
    3. Ok, back to reality. Now, let’s get to the software. It’s nothing more than a fancy looking “shell” that handles 1 day’s worth of data. Could you buy a stock on that premise?
    4.I’m in the middle of getting a refund for this, and I would suggest the same for anybody in a position similar to mine :)

  80. Posted by Daniel 26th May, 2008 at 8:57 pm

    I read similar article also named The Stock Trading Robot Is A Scam!, and it was completely different. Personally, I agree with you more, because this article makes a little bit more sense for me

  81. Posted by Bill 13th June, 2008 at 5:41 pm

    good article, thank you… your OTO Goldmine link isn’t working though… there’s no link at the bottom so your losing business.

  82. Posted by jameison 27th June, 2008 at 1:12 am

    thanks for fighting against the machine

  83. Posted by Iris 9th July, 2008 at 1:22 am

    Thank you for posting this warning on this MARL program. It is very useful to me and to those who are looking at different programs of this nature.
    Iris Roman

  84. Posted by malcolm 10th July, 2008 at 7:48 pm

    wow good post. its funny that you ashould say theat though, becuse I was just getting ready to sign up with them and promote them on clickbank. by the way, nice blog! I will try to comtinue to read this blog. I like your writing style.

  85. Posted by marlon 12th July, 2008 at 5:02 pm

    As you say, the only way to do trade stock is to educate yourself and stick to one niche.

    This is my reading list for stock trading:

    The Naked Trader (great for beginners)
    Come into my Trading Room (strategy)
    The Money Game (classic)

  86. Posted by Tony 13th July, 2008 at 9:00 pm

    I recently purchased the newsletter and invested $1,000 bucks in its first pick. The stock price went up 40% that first day and not wanting to hold long i sold. I made a nice profit. So far i have no reason to believe it is a scam.

  87. Posted by Trading Software Reviewer 28th July, 2008 at 3:58 am

    I agree with Marlon.(As you say, the only way to do trade stock is to educate yourself and stick to one niche). But the automation gives you power of time and money saving.

    Jayant

  88. Posted by Marshall Smith 4th August, 2008 at 7:00 am

    Industrial Biotechnology Corporation, (IBC), (IBOT.PK) will start using Ethanol Chemicals ALCHEMx Production Platforms(TM) to produce eco-efficient and cost effective chemicals utilizing renewable resources. Don’t you think GUYS this will really keep the company’s business strategy strong.

  89. Posted by Marshall Smith 9th August, 2008 at 9:07 am

    SRCO.OB has outperformed all the large as well as small Cap financials stocks in the year 2008.This is largely due their products variety offering to the Powersports auto sports industry.

  90. Posted by Tle 21st August, 2008 at 2:20 pm

    Investors can perform all their transactions conveniently in front of the computer with online stock market trading. Another benefit of online stock trading is an investor can manage and check his stock portfolio in real time on the internet.

  91. Posted by Dave 28th August, 2008 at 2:26 pm

    Thanks for a great review Soren. I myself was not duped by this. I am a firm believer in A) Due dilligence and B) Try before you buy. Personally I am of the school of thought whereby if they think their product is good enough and will make me rich, why not give it to me for free, let me test it, and donate an amount I think suitable. In this case that meant that I found the location of the program (Did you see it has a $28000 license) and downloaded and tested the program without paying. All that you say is correct, on the sales page it tells you that the program will pick the best stocks for you, in reality this is a complete and total lie. I did also sign up for the newsletter, but as I only did so today I can’t say whether I got it or not. I would maybe suggest you post the download location as a new thread so people can get it for free and stop giving their money to these scammers. The link is http://www.doublingstocks.com/downloadmarl218.zip

  92. Posted by trading stock for dummies 21st September, 2008 at 3:10 am

    The cost to trade at times could really be very high. But i like the information you provided on your blog. Great info and incisive as well

  93. Posted by Joe 23rd November, 2008 at 7:04 am

    The guys that sell Marl will be investigated by the FCC and SEC no doubt. They are a bunch of scam artists that will be sent to jail.

  94. Posted by vj 27th January, 2009 at 8:24 pm

    I bought his news letter last year, his emails still coming, he recommends to buy the robot, I did not. buy.
    I don’t think it has any value.

  95. Posted by Werner 9th February, 2009 at 4:35 pm

    Hello Soren,

    I am a little late, but I will congratulate you for your wanring. they go ahead also in 2009 with there Marl SCAM. And there are a lot of other Scammer, like
    Deppaco.com
    Eurotraidmails.com
    Buxptr.com
    and others.
    They never pay a dim, not on Free Members, not to Premium Members.

    I wish you al the best with a serious business.

  96. Posted by swampdoc 15th February, 2009 at 12:15 am

    I wish to say thankyou to informing us of this site. I have been drooling over this site all day in hopes of maybe buying the robot and putting it to work. I am very disappointed to find yet another scam. I guess I will just have to be happy with the stuff I am now using doing futures trading. I really thought this was the one to get things going for me financially.

    Swampdoc

  97. Posted by tio pepe 7th June, 2009 at 6:58 am

    I hate this stuped robot it makes me lose a lot money, this is a spam . dont buy the robot trading !!

  98. Posted by Darren 6th August, 2009 at 7:08 am

    On the subject of EOD, I just found a company that supplies EOD for any market world wide Stocks, FOREX etc at only $250 per year.

  99. Posted by scribbs 30th August, 2009 at 4:12 am

    Hi All,

    Thought I’d add my 2 bobs worth.

    I subscribed to the service AND bought the robot in early 2008.

    Soren’s description of the robot is accurate.

    The “robot” does NOT pick stocks for you …….. it does not make any comparisons or anything of the sort. All it does is processes data which you have to download from various exchanges …… to feed into it. Essentially it is a ” FILTER “. It doesn’t analyse anything at all.

    As for the email newsletter , YES I received that and STILL DO. The service was supposed to pick a stock trade every week, but it generally only provides you with a pick once in a blue moon ………….. say 3 months or so.

    The explanation is that the financial crisis is to blame and they are not prepared to make a pick until they are absolutely POSITIVE that it will double.

    The last three picks I received DID in fact ” more than ” double “”according to their information”" although I did not check that data.

    I still do intend to allocate $100.00 to trade these stock picks when it’s convenient for me, and I expect to double that money each time I place a trade based on the recommendations of Michael Cohen, because they HAVE doubled in the past !

    The robot is only a FILTER but the stock picking service is valid albeit VERY SPORADIC AND UN RELIABLE !

  100. Posted by mlgreen8753 27th September, 2009 at 6:52 am

    I saw that coming a mile away. I don’t trust many of these stock picking software program completely. I’m sure they lend some help in analyzing, but I wouldn’t rely on them completely. My latest pick is Mentor Capital (MNTR). A stock that has enormous potential due to their 20% buy into a bio-tech company. I wouldn’t trust a software to pick apart the company as throughly as I have.

  101. Posted by Stock Advice Online 25th May, 2010 at 9:54 pm

    nice blog
    ======

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  104. Posted by kay 6th September, 2011 at 9:34 pm

    Is this the same for jeeves ? I am stiill awaiting the newsletter as well

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  107. Posted by wakoo 21st April, 2012 at 7:36 am

    http://www.bbc.co.uk/news/world-us-canada-17794272

    US charges British twins over $1.2m ‘stock robot’ fraud

    The twins allegedly claimed Marl could pick stocks on the verge of soaring in value by up to 400%
    Continue reading the main story
    Related Stories

    How mathematicians rule the markets
    Twin brothers from England face US civil charges for allegedly defrauding investors out of $1.2m (£745,000) through a bogus stock-picking robot.

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