Massive Stock Pump Spam

[nutmeg]

Quote from marketsurfer:

interesting. has anyone observed the effect on these stocks after the spam goes out? i cant imagine someone actually buying a stock based on an email... but who knows.

I'm familiar with office people who have pooled money and buy penny stocks, just like lotto pools.

Here is one result of a spam e mail, the Iraqi playing cards. Granted it is not a stock but there are parallels in possible results, you can draw your own conclusions.

"Of the 25 million messages sent, they received 3,164 orders -- a response rate of just over one-tenth of 1 percent."

I could imagine 3,164 people buying $500 of some penny stock. That amount of money could move a penny stock a bit.

 

[Opra]

Quote from ssmegner:

There are many ways to get your email address. ...

How do some of these spam e-mails get into incorrect mail boxes, I often wonder? Let's say, my e-mail address is abcdef@verizon.net, but I often receive spams for ghidef@verizon.net--IOW, the e-mail address displayed in "To:" field is not my e-mail address at all?

 

[ssmegner]

The email header can be spoofed. They can put whether they wish there.

 

[ATMachine]

I am sick of them too.

Just got yet ANOTHER one for GITH.PK

Anyone know how to ignore these things?

 

[kdmundrick]

somebody call Tim Sykes