What to do with All that Stock Spam   - 2,176 Views, 2 Comments

Summary: "We have a runner!" "Small cap stock!" "Could DPER.PK be the next Exxon?" If you are sick of getting stock spam - that spam hawking some worthless stock in an effort to drive up the price so that those behind the spammer can cash in and get out, then here are a couple of ways to have fun with that spam.

Previous Article « Send Your Banker an Instant Message via AIM!
Read Next Article » Are You Entitled to a Piece of the Settlement in the Class Action Suit Against Yahoo by Checkmate?

  Follow Anne on Twitter

“We have a runner!” “Small cap stock!” “Could DPER.PK be the next Exxon?” If you are sick of getting stock spam - that spam hawking some worthless stock in an effort to drive up the price so that those behind the spammer can cash in and get out - then here are a couple of ways to have fun with that spam.

Use it as an Educational Tool

My good friend Mickey Chandler has set up a website where you can track the health and wealth (and decline) of the stock advertised in spam, as if you had invested in it (where, hopefully, you haven’t, really). They also have put together their own virtual “portfolio” of all of the stock they have seen advertised in spam (and you can feed them more), which you can track along with them. Mickey has himself lost nearly $30,000 (in virtual pretend money) by “investing” in every stock he’s heard about through spam. It’s a very interesting read.

Check it out at Stock Spam: Your personal stock spam portfolio.

The 3 Rs: Read, Recognize and Ridicule

Another good friend, Dave Taylor over at Intuitive.com, recently returned from a business trip, and found his email inbox overflowing with stock spam.

Instead of just deleting it, however, he decided to read it. Recognizing it for what it was, he then decided to have some fun by ridiculing it. He does this by deflating and lampooning the subject line of the stock spam:

For example:

Strong buy! stock I am! skeptical if you can’t even figure out how to use! common punctuation.”

It’s educational and humourous at the same time. If you’d like to read it, check out “Investment Advice Via Email? I don’t think so…” over at Intuitive.com.

Report It

Regardless of whether you choose to track it, ridicule it, or just delete it, take a moment first to report it to the Federal Trade Commission (FTC). You can go here to report your stock spam to the FTC.

What to do with All that Stock Spam

 Follow Anne on Twitter

 Twitter Explained in Plain English

 Friend Anne on Facebook

Previous Article « Send Your Banker an Instant Message via AIM!
Read Next Article » Are You Entitled to a Piece of the Settlement in the Class Action Suit Against Yahoo by Checkmate?

Read more:

»  Stock Chart Offers Stock Analysis for Spammed Stock

»  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

»  Free Anti-Spam Software for Non-Profit Orgs!

For additional similar stories check out our archives on Spam, Spam Whacks

NOTE: We never, ever, ever will recommend any product or service on this site that we have not regularly used ourselves and do not wholeheartedly believe in. That said, in some cases after being very pleased with a product or service, we may enter into a relationship with the provider of that product or service such that if someone purchases that product or service based on our recommendation, we may get a small payment. Such payments go towards the upkeep of the Internet Patrol.

 

2 Comments »

  1. For pump & dump stock spam, probably better to forward it to the SEC, enforcement@sec.gov.

    Comment by Timmer — 8/17/2006 @ 9:24 am

  2. Stock spam is simply a high-tech version of the classic stock market scam called the pump and dump scheme: Promoters send millions of e-mail messages at a time promoting “can’t miss” stock tips. Enough recipients inexplicably buy in, the price soars and then the spammers sell off their shares at the top of bubble.

    You can try reporting the spam to the SEC but it probably won’t do much.

    Comment by Stock Spam — 11/26/2007 @ 1:25 pm

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!

 
 This article first appeared on 8/16/2006
The Internet Patrol
Patrolling the Internet for You!