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Stock spam works no more

Filed in archive Spam News by Ivy on November 22, 2006

Stock spam works no more
Thanks to our godslinks, spammers are no longer making money on dreaded stock pump-and-dump spasm (like the one on the photo, I received it only today), so we are sure it will soon stop.

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
Tags: pump+and+dump  stock+spam  russian+spam  stock  trade+spam  spam  works+more  spam+works 

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