Buy Stock, make
millions and .....
The Spammers make it simple
..or don't they. One thing is certain spammers
expanded their territory from Viagra to Wall Street.
Using new techniques they get to people in more them
one way. The messages not only passes many spam filters
they also seem to do their job soliciting gullible readers.
So what about the Stock?
Ever since I see the stock spam I wonder how
much influence they really have. So I went and did some
research. I just took some spam collected in July and
August and did a lookup. While not conclusive it is
interesting. Red lines indicate the spam release period.
Does following the stock spammers advice
make you rich? They don't have you in mind. So chances
are good you end on the wrong side of the "Street"
The spammers idea
Buy stock that is going nowhere and send out
millions of messages promising a hot mover ready to
breakout. Once their spam creates interest the volume
increases. The price increase usually follows. At that
point the spammer sells you his stock. Once the spammer
is out of shares the spam stops and so does the interest
in the stock. The buyers faced the dilemma of having
lots of shares and no demand. That often results in
selling the shares at a sizable loss.
Apparently the spammers know what they
are doing. They don't talk their prey into buying MSFT
(Microsoft) or IBM. Instead they go for the small over
the counter stock with a low volume. I believe their
action is measurable on the individual stock.
If you're a spammer wanting to get rid
of bad stock this seemed to work. The volume shows a
definite increase during the spam campaign. We may assume
the spammer bought the stock for $0.06 or $0.07 and
sold it to his believers for $0.10 to $0.12.
I find EPLJ Spam starting in the first
week of August and lasting several days. You could have
bought EPLJ for as much as $0.18 a share and today it's
sitting at $0.10. The volume did triple during the spam
Goldmark Spam was floating around for
some time. The spammers actually released their own
press releases and forced Goldmark to the statement
Inc. Not Responsible for Spam
Goldmark Industries, Inc. (PINK SHEETS:GDKI), has received
numerous calls and emails from victims of spam emails
touting Goldmark's stock. The Company has issued a warning
to the public of the unauthorized use of company press
releases in an illegal spam operation being conducted
by an unknown party. The Company does not condone the
use of spam and demands that the responsible party immediately
cease this illegal operation. Further, the Company has
never at any time authorized or would authorize the
use of unsolicited e-mails to publicize the Company's
stock or events.
For a period of what we can determine
to be almost a month, an unidentified third party(s)
unrelated to the Company has been sending out e-mails
touting the Company's stock or reciting new releases
from the Company. The Company has investigated as many
instances of the unsolicited e-mails as possible. To
date, we have determined that several different ISPs
from many different countries have been used to send
the e-mails. There has been no success, however, in
identifying a probable sender.
This spam was just a simple text message.
As with other the volume increased as the spam campaign
At the beginning only few were caught
by the SLS services. That has improved. Specially the
Spamhaus XBL filter catches a fair share. But Stock
spam is here to stay. It's not easy to stop. Unlike
Viagra the spammer does not send you to his favorite
Pharmacy. You can buy his stock anywhere. Actively supported
spam filters like XWall can stop most of the stock spam.
Stock charts by www.etrade.com