[Gllug] A few words on the topic of stock spam

[John Winters]

John G Walker wrote:
> 
> On Wed, 11 Jul 2007 08:47:38 +0100 John Winters <john at sinodun.org.uk>
> wrote:
> 
>> I think the stock pumping spam is simply going to run out of steam
>> soon. It's the same problem that pyramid schemes run into - the
>> number of people in the population is large, but you need an infinite
>> population to sustain such schemes for any length of time.
> 
> No, it doesn't need an infinite number of people to run the scam.

Perhaps you should have read the whole of my e-mail before responding.

[snip unnecessary explanation of how the scam works]

As would have been obvious if you'd read my e-mail, I know how the scam 
works, as I suspect does everyone else here.

The reason you need an infinite number of people is because it isn't 
going to work on anyone very many times.

The number of people who will fall for it once is pretty small, because 
of the need to meet the criteria I listed.  Anyone who falls for it is 
going to lose money.  Even the thickest investor is going to cotton on 
after two or three iterations that following the advice given in these 
e-mails is a Bad Idea(TM).  Hence the whole thing becomes self defeating 
unless you have an infinite supply of thick investors.

 > You could, in principle, run this forever,

Only with an infinite supply of stupid people.

HTH
John
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