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

[Jason Clifford]

On Wed, 11 Jul 2007, John Winters wrote:

> 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.

But the perpetrators of these scams don't expect it to work forever - just 
long enough for them to profit from it before moving on.

The fact that these "penny stock" scams have been around for a very long 
time rather suggests that they will continue to work for a long time yet. 
Spamming is just the latest, and cheapest, means of propagating the scam.

Jason
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