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Spam News
by Ivy on November 22, 2006
The Register writes after watching the pump-and-dump spams closely for some time:
"Over the weekend another tidal wave of stock spam arrived. The Great American Food Chain (GAMN) would profit a 330 per cent gain, the spam promised, but instead the stock nosedived 11 per cent. Inflot Holdings Corp gained only 25 per cent, but still trades at just $0.01 Stellar Resources (SRRL) climbed five per cent to $0.90 from $0.85. You need a lot of volume to make money from such small gains.
There is another aspect the scammers forgot to realise: there may be millions of people willing to order Viagra from shady websites, but investors willing to make a habit of buying spammed stocks and losing money are certainly in short supply."
I surely hope those horrible Russian spam-mobsters lost some serious money on pump-and-dump scams.
Permalink: Stock spam works no more
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/43348
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