Performance of Investview’s 7 Minute Trader Continues to Impress
By Michael Markowski (June 26, 2013)
This is the headline “InvestView 7 Minute Trader Breaks the 400% Ceiling” from a press release that was issued by Investview (INVU) on June 25, 2013. The actual release stated that the 7 Minute Trader had generated a return of 420% since its inception in March of 2011 to late last week.
The release also revealed that the company has another product that I had not been previously aware of. It’s the 7 Minute Options Newsletter which was launched in May of 2012. According to the company its generating average return per trade in excess of +30% since inception.
Investview also announced that due to the demand for additional 7 Minute products by their customers they were launching the 7 Minute Investor. It’s the first product in the 7 Minute offering to provide a selection of full portfolios with newsletter alerts issued when a change is recommended in a portfolio.
In March 2013, I highlighted the fact that I had overlooked or had completely discounted Investview’s 7 Minute Trader and more importantly the product’s track record of generating returns of 376% since inception. Based on the latest press release the returns have been in excess of 40% over the last 90 days. I continue to reiterate that the track records of both the 7 Minute Trader and the 7 Minute Options Newsletter will likely lead to higher penetration rates for the sales of the products to the clients of Investview’s two online broker partners, Questrade and Choice Trades. The two firms have a combined more than 100,000 online clients.
Investview should be filing its annual report for its FY year ended March 31, 2013, very soon. I predict that the financial results that they disclose will be very weak. Its because they will probably throw every loss that they can find into the 2013 fiscal year just ended and also load or pre pay Fiscal 2014 expenses into 2013. Also, the marketing and sales of their 7 Minute product portfolio to the clients of their online broker partners was not scheduled to commence until FY 2014.
I believe that Investview’s share price which is currently at $1.95 has finally bottomed out. When I produced and published my last update on March 25, 2013, the price of their shares was $1.75. Since then the shares have traded in a range between $1.40 and $3.49.
The majority (105,100) of Investview’s total share volume (180,700) over the last 64 days occurred over three of the trading days. The range in its price over those three days was $1.45 to $2.00. During the month of June 2013 its shares have not traded for eight of the month’s days and its cumulative share volume has been 7,600 shares. Price bottoms occur for securities due to an exhaustion of selling. That certainly appears to have been the case for Investview.
Now that it has entered into its new Fiscal 2014, I anticipate that Investview’s financial results will show dramatic improvement versus its 2013 results. Its for this reason that I believe that the next move for Investview shares for the second half of 2013 is likely to be up instead of down.
Disclosure: Michael Markowski, the founder of OnlineFinancialSector.com and/or immediate family members currently hold shares in the public companies recommended on the OnlineFinancialSector.com website and may buy or sell shares without notice.