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All these words, and I still don't know what they're advertising. A popup blocker, I guess?
-------------------- I really hate one-eyed flying purple people eaters! I mean, seriously! They're all like, "I like to eat people, I'm purple, I fly and I have one eye!"-We've Got Mail!
posted
I've been getting an increasing number of these penny-stock ads lately and, out of curiosity, I have been tracking a few of them over the past few weeks. Needless to say (I hope, at least) I have not seen the 1000% and upwards gains that have been predicted.
The thing that always cracks me up about these is that they make it to look like it's an actual analysis of the stock, what with the "Target" and "Recommendation" fields, but no numbers or anything else to prove it. Yep, it's a STRONG BUY because it's currently at $.89 and it's projected to go anywhere from $20 to $30 over the next few days. Trust me, it will. No, really, I mean it.
Posts: 918 | From: Southern CA | Registered: Jan 2004
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quote:Originally posted by Class Bravo: I've been getting an increasing number of these penny-stock ads lately and, out of curiosity, I have been tracking a few of them over the past few weeks. Needless to say (I hope, at least) I have not seen the 1000% and upwards gains that have been predicted.
The thing that always cracks me up about these is that they make it to look like it's an actual analysis of the stock, what with the "Target" and "Recommendation" fields, but no numbers or anything else to prove it. Yep, it's a STRONG BUY because it's currently at $.89 and it's projected to go anywhere from $20 to $30 over the next few days. Trust me, it will. No, really, I mean it.
Most likely your standard Pump and dump scheme. I've checked a few out after the fact and trading tended to increase over the next couple of days as suckers bought and scammers sold.
-------------------- The best measure of a man's honesty isn't his income tax return. It's the zero adjust on his bathroom scale. Arthur C. Clarke (1917 - ) Posts: 244 | From: Ventura, CA | Registered: Sep 2005
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posted
Most of the ones I've seen have had disclaimers at the bottom that they're not any kind of stock advice, you are not to infer their recommendation is a good one, and you absolutely should not follow the advice above.
Yes, they're that specific.
-------------------- "We don't keep a certified whale-vomit expert on staff." - Larry Penny, Director, Natural Resources Department, Town of East Hampton Posts: 377 | From: New Zealand | Registered: Nov 2005
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posted
Yeah, I always figured they were just pump and dump schemes...in fact, as far as I can tell there's really no way they couldn't be. As I've been monitoring all the ones getting sent to me lately I've been waiting to see the crash when the people who sent the spam sell off all their over-inflated shares, just to see if their scheme is working.
Posts: 918 | From: Southern CA | Registered: Jan 2004
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quote:The researchers discovered that if a spammer bought a stock a day before beginning heavy touting, then sold the morning after the first day of touting, the average return on investment was 4.9 percent. And more effective spammers saw a 6 percent return.
On the other hand, if a victim were to invest $1,000 in a stock on the day of heaviest touting, that investment would be worth, on average, $947.50 in the two days following the spamming campaign. For the most heavily touted stocks, the same investment would fall by 7 percent, to $930. The study also confirmed that the volume of touted stocks responded "positively and significantly" to touting campaigns, meaning that trading activity increased.
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