AplusWebMaster
Topic Starter
FYI…
- http://blog.washingtonpost.com/securityfix…dump_chump.html
September 5, 2006
"…The resulting flood of shares dumped back into the market causes the price of the pumped stock to plummet, and very quickly investors not in on the game lose everything they invested… Enter Joshua Cyr, curator of http://www.Spamstocktracker.com . On May 5, 2005, Cyr set out to determine just how much money he could lose by trusting stock picks advertised via spam. Cyr began tracking the price of each stock after receiving a spam tip, and found that if he had bought 1,000 shares in each of the several dozen companies, he would have lost about $46,000 over the past 15 months… Stock spam has been estimated to make up about 15 percent of all junk e-mail, though I'm sure that number fluctuates quite a bit. The Securities and Exchange Commission occasionally brings cases against stock spam scammers, but the agency probably doesn't have anywhere near the resources it would need to make a real dent in this problem…"
- http://blog.washingtonpost.com/securityfix…dump_chump.html
September 5, 2006
"…The resulting flood of shares dumped back into the market causes the price of the pumped stock to plummet, and very quickly investors not in on the game lose everything they invested… Enter Joshua Cyr, curator of http://www.Spamstocktracker.com . On May 5, 2005, Cyr set out to determine just how much money he could lose by trusting stock picks advertised via spam. Cyr began tracking the price of each stock after receiving a spam tip, and found that if he had bought 1,000 shares in each of the several dozen companies, he would have lost about $46,000 over the past 15 months… Stock spam has been estimated to make up about 15 percent of all junk e-mail, though I'm sure that number fluctuates quite a bit. The Securities and Exchange Commission occasionally brings cases against stock spam scammers, but the agency probably doesn't have anywhere near the resources it would need to make a real dent in this problem…"