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

[Jason Clifford]

On Wed, 11 Jul 2007 yane at sdf-eu.org wrote:

> Hmmm.  In fact isn't it even more insidious than that?  If you know this
> is a scam, buy the stock and sell quickly, you CAN make money
> (effectively by playing the scammers game).  Obviously the more people
> try this, the smaller the window for making a profit, but assuming some
> people do react to these, there WILL be a window.  I am sure there are
> some people making monet from these scams ... and not just the scammers.
> 
> Just a thought - or am I missing something here?

Yes. The scammers will have bought in some volume before sending out the 
spam so you will be buying in after the price has risen already. While you 
might make some money it is a big risk and your only hope of profit is 
that you get there before enough other idiots take the same gamble.

Jason
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