[Dshield] Is this common : Fake stock spam ?
vinu at hiwaay.net
Fri Aug 26 14:56:13 GMT 2005
Its kind of funny, because I had seen these for years, and up until
today, I had not recieved any further ones. Wonder, why all of sudden
they are starting up again. Perhaps they are using more dubious spam
Joe Matusiewicz wrote:
>At 03:40 AM 8/26/2005, Leeuwen, Allan van wrote:
>>Hi list ...
>>This is the first time I have received spam that tries to promote a
>>certain stock. I'm sure it's from a company that's about to go bankrupt
>>(hence the 0.02c per share) or a completely non existing company. How
>>can they get a non existing company onto the stock market though ??
>They're called penny stocks...I've been getting this stuff for years. Our
>fax machine gets a bunch of them plus super vacations at Disney World for
>$99. The stock scam is called "Pump and Dump". The sender owns some of
>the stock. The trick is that the company has low market capitalization so
>that relatively small purchases in the stock will cause a large increase in
>the price. Then the spammer sells. I've never seen any these stocks
>going for more that $.50...but I haven't looked at any in a while. If they
>get past my spam filters I delete them as soon as I look at the subject line.
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This is the story of a man name Vinu,
he once had a canoe
Thank you for your time,
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