Stock Chart Offers Stock Analysis for Spammed Stock   10/12/2005 - 1,329 views, 3 Comments

Summary: This stock chart offers stock analysis of the stock which comes recommended in spam. Are those hot stock tips really worth anything?

Previous Article « Yahoo IM and MSN Instant Messenger Chat Programs to Talk to Each Other
Read Next Article » Microsoft and Yahoo Announce Internet Chat Agreement

A stock chart put together based on the hot stock tips in stock spam offers stock analysis of those spammed stocks, and it’s pretty interesting.

Joshua Cyr started SpamStockTracker.com about five months ago. The premise was to pretend he’d invested in every single one of the stocks promoted in those hot stock tips he’d received in spam. To do this, he put together a stock chart, with stock analysis for each spammed stock.

As Joshua explains it on the site, “On May 5th, 2005 (05/05/05 spooky!) I set out to determine just how much money I could lose by trusting SPAM.
What if I purchased 1000 shares of stock from EVERY stock tip mentioned in a SPAM email? Could we all really be missing out on a great opportunity?

Of course, I don’t have the money to actually waste on an experiment like this. I made this little web site to keep track of the value of those stocks… without my actually purchasing anything.”

So, how do you think that those stocks did? Joshua thought that he would probably experience a short term gain, and then a quick loss. “Instead,” he says, “almost ALL of those stocks I added went up a few cents max, then dropped like flies the next day.” Probably from the same thing happening all around the world as people actually bought into those “hot stocks”, and then the stocks collapsed. Only those other people were out real money.

So, just how much can you make or lose by buying into the hot stock tips which are sent in spam? So far, Joshua has “invested” $17,405.00 into stock which today has a current value of $9,230.50. That means that he has lost $8,174.50 (or would have, had he invested real money).

Of course, not everybody who gets involved with these stocks loses. For example the people behind the stock, and the stock spams? They are laughing all the way to the bank.

You can check out Joshua’s stock chart at SpamStockTracker.com.

Previous Article « Yahoo IM and MSN Instant Messenger Chat Programs to Talk to Each Other
Read Next Article » Microsoft and Yahoo Announce Internet Chat Agreement

Get a FREE summary of the week's articles every Friday!
(You can stop it any time!)
    *We never share your email address with anyone

Email Address:
Date of first visit:
How you found us:

Be sure to watch for the confirmation email!

Subscribe
to The Internet Patrol on your cell phone    Email the link for this page to a friend!

Read more:

»  What to do with All that Stock Spam

»  MP3 Email Spam Newest Tactic of Pump and Dump Stock Scammers - First Up: Text4Cars.com by Exit Only

»  You Need to Read this Grand Letter with a Momentous Message about Texhoma Energy

»  Wild Oats Whole Foods FTC Situation Heats Up as Court Filings Reveal that Whole Foods CEO Anonymously Bashed Acquisition Target Wild Oats on Internet Stock Boards

For additional similar stories check out our archives on Good Guys, Scams, Spam

 

3 Comments »

  1. http://www.hughes-family.org/wordpress/2005/10/04/shorting-spammed-stocks/

    Comment by Craig Hughes — 10/12/2005 @ 5:34 pm

  2. this story just comfirms my long standing rule, “NEVER believe in, or respond to spam.” i treat it the same as i have always done with snail mail junk mail, straight into the trash can unopened.

    Comment by "gunner" — 10/14/2005 @ 6:38 pm

  3. Does the SEC know about this?

    Comment by Ken — 11/6/2005 @ 8:38 am

RSS feed for comments on this post.

Leave a comment

Warning! All comments which contain URLs and are clearly just spam to generate a link back to the URL will be deleted on sight. Don't bother wasting your time!

If you are going to include a URL in your comment,
please keep it under 25 characters in length,
or use TinyURL to shorten it before including it in your comment.

Line and paragraph breaks are automatic, your email address is never displayed.
HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

(required)

(required)


If you have not posted a comment here before, we apologize for having to ask you to enter the letters and numbers you see in the image above to validate your comment, but we are being attacked by thousands of comment form spams every day! You only need to do this once; once you have successfuly posted a comment here you will not be asked to do this again. Thank you for your understanding!

 
The Internet Patrol
Patrolling the Internet for You!