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.
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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.
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Does the SEC know about this?
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.